You have the following information on a project's cash flows. Year Cash flows 0 -$120,000 1 24,000
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Question:
You have the following information on a project's cash flows.
| Year | Cash flows |
| 0 | -$120,000 |
| 1 | 24,000 |
| 2 | 31,000 |
| 3 | 37,000 |
| 4 | 51,000 |
| 5 | 55,000 |
The project's payback is ____ years. Round it to two decimal places.
Expert Answer:
Related Book For 
Finance Applications and Theory
ISBN: 978-0077861681
3rd edition
Authors: Marcia Cornett, Troy Adair
Posted Date:
