You decided to capitalize on the growing popularity of extreme sports and create an obstacle course...

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You decided to capitalize on the growing popularity of extreme sports and create an obstacle course on some vacant land near the capital region. You will have regular sessions based on the training regimen of Canada's JTF special forces. In addition you will hold weekly "Mudder" events. Your business "Come doused in mud, soaked in bleach", will have an initial investment of $130,000. You have a positive cashflow of $15,000 in year 1 and positive cashflows of $30,000 for the next four years. What is the payback for the project? (2 decimal places required) You decided to capitalize on the growing popularity of extreme sports and create an obstacle course on some vacant land near the capital region. You will have regular sessions based on the training regimen of Canada's JTF special forces. In addition you will hold weekly "Mudder" events. Your business "Come doused in mud, soaked in bleach", will have an initial investment of $130,000. You have a positive cashflow of $15,000 in year 1 and positive cashflows of $30,000 for the next four years. What is the payback for the project? (2 decimal places required)

Answer rating: 100% (QA)

To calculate the payback period we need to find out how long it takes for the cumulative cash flo... View the full answer