Answered: A project has estimated annual net cash…

A project has estimated annual net cash flows of $61,100. It is estimated to cost $311,610. Determine the cash payback period. Round your answer to one decimal place. years

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter12: Capital Budgeting: Decision Criteria

Section: Chapter Questions

Problem 1P: A project has an initial cost of 40,000, expected net cash inflows of 9,000 per year for 7 years,...

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A project has estimated annual net cash flows of $61,100. It is estimated to cost $311,610.
Determine the cash payback period. Round your answer to one decimal place.
years

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