Question: You evaluate a project using the payback period for this. The project has an initial cost of $ 100,000. Thereafter, you expect the project to
You evaluate a project using the payback period for this. The project has an initial cost of $ 100,000. Thereafter, you expect the project to generate the cash flows described in the following table:
| Years | Cash Flow |
| 1 | 40 000$ |
| 2 | 30 000$ |
| 3 | 45 000$ |
| 4 | 24 000$ |
| 5 | 15 000$ |
The recovery time for the project is?
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