What is the payback period? Compute the payback period for an investment requiring an initial outlay of

Question:

What is the Compute the for an investment requiring an initial outlay of $80,000 with expected annual cash inflows of $30,000.

Payback Period
Payback period method is a traditional method/ approach of capital budgeting. It is the simple and widely used quantitative method of Investment evaluation. Payback period is typically used to evaluate projects or investments before undergoing them,...