Question: Warnock Inc. is considering a project that has the following cash flow and WACC data. What is the project's NPV? Note that a project's projected

Warnock Inc. is considering a project that has the following cash flow and WACC data. What is the project's NPV? Note that a project's projected NPV can be negative, in which case it will be rejected. WACC: 10.00% Year 0 1 2 3 Cash flows -$950 $500 $400 $300

The NPV is 60.52, but what I would like to know is:

What is the project's payback? Calculate payback period (x.xx years).

Please show me the steps on how to calculate payback period. Thank you

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