What is the payback period for the investment project that has the following cash flows? (Round your answers to 2 decimal places.
| Year | Cash Flows |
| 0 | -66684 |
| 1 | 28400 |
| 2 | 26340 |
| 3 | 25351 |
| 4 | 27385 |
| Year | Cash flows | Cumulative Cash flows |
| 0 | (66684) | (66684) |
| 1 | 28400 | (38284) |
| 2 | 26340 | (11944) |
| 3 | 25351 | 13407 |
| 4 | 27385 | 40792. |
Payback period=Last period with a negative cumulative cash flow+(Absolute value of cumulative cash flows at that
period/Cash flow after that period).
=2+(11944/25351)
=2.47 years(Approx).
What is the payback period for the investment project that has the following cash flows? (Round...
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Gio's Restaurants is considering a project with the following
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