You are asked to analyze a proposed capital investment.
The project has a cost of $20,000, and the cost of capital is 10 percent.
The project?s expected net cash flows are as follows:
Year Expected Net Cash Flow
What is the project?s payback period? (round to 2 decimals)
Cash Flows @10%
This question was answered on: Dec 18, 2020
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Dec 18, 2020EXPERT
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