You are evaluating an investment project costing $41,000 initially. The project will provide $3,000 in after-tax cash flows in the first year, and $7,000 each year thereafter for 10 years. The maximum payback period for your company is 6 years. What is the payback period for this project?

Answer rating: 100% (QA)

Payback period is the time period in which the initial inve... View the full answer