Project L requires an initial outlay at t = 0 of $62,000, its expected cash inflows...

Question

Question

business finance

Answer 1

Answer #1

When cash flows are equal each year,

Payback period = Initial investment/ Annual cash flow

Payback period = 62000/ 8000 = 7.75 years

Answer : 7.75 [Thumbs up please]

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Answer 2

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