Question: You are evaluating a project that costs $10,000. The project has a 4 year life and in that time produces the following cash flows: Time

 You are evaluating a project that costs $10,000. The project has

You are evaluating a project that costs $10,000. The project has a 4 year life and in that time produces the following cash flows: Time Cash Flow 5000 1 2 4000 3 3000 4 2000 What is the project's payback? (Enter your answer to two decimal places)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!