Find the payback period for the following project: Initial Outlay $18,500 Year 1 $5,390 Year 2...

Question

Question

Find the payback period for the following project:

Initial Outlay $18,500

Year 1 $5,390

Year 2 $5,140

Year 3 $5,810

Year 4 $7,190

The answer should be calculated to two decimal places.

business finance

Answer 1

Answer #1

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Answer 2

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