Ans 3.37 years
| Year | Cash Flow | Cumulative Cash Flow |
| 0 | -23900 | -23900 |
| 1 | 7100 | -16800 |
| 2 | 7750 | -9050 |
| 3 | 7150 | -1900 |
| 4 | 5200 | 3300 |
| TOTAL | 3300 | |
| Payback Period = | 3 YEARS + 1900/5200 | |
| 3.37 YEARS |
EXAM - Chap. 1-8 i There is a project with the following cash flows : Year...
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