What is the payback period for the following set of cash flows? Year ______Cash Flow 0 ..............

Question:

What is the for the following set of cash flows?
Year ______Cash Flow
0 .............. -$6,400
1 ................. 1,600
2 ................. 1,900
3 ................. 2,300
4 ................. 1,400
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,...