You are planning to open a restaurant in Brickell. Following the initial investment of $921,816, the...
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You are planning to open a restaurant in Brickell. Following the initial investment of $921,816, the expected cash flows over the next 4 years are as follows. What is the payback period of this project? t Cash Flows 1 $320,591 2 $421,265 3 $121,739 4 $499,240 *Round your answer to the nearest two decimals You are planning to open a restaurant in Brickell. Following the initial investment of $921,816, the expected cash flows over the next 4 years are as follows. What is the payback period of this project? t Cash Flows 1 $320,591 2 $421,265 3 $121,739 4 $499,240 *Round your answer to the nearest two decimals
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