Question: You are considering to undertake a certain project, which will require you to invest $1000 at time and $2000 at time 1. (In this question,

You are considering to undertake a certain project, which will require you to invest $1000 at time and $2000 at time 1. (In this question, time is measured in years.) It is anticipated that the project will generate an income of $500 at time 2 and an income of $600 at time 3. From time 6 onward, income will be received continuously at a rate of $450 per annum and such income never ceases. Find the payback period. (Please provide your answer as a number without the word "years".)
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
