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Consider a project with the following cash flows in dollars ($): Year    Cash Flow 0    -15,000 1    5000 2    5000 3    5000 4    5000 Assume the appropriate discount rate for this project is 12%. What is the payback period for this project? (Round your answer to the tenths.)

Consider a project with the following cash flows in dollars ($): Year    Cash Flow 0    -15,000 1    5000 2    5000 3    5000 4    5000 Assume the appropriate discount rate for this project is 12%. What is the payback period for this project? (Round your answer to the tenths.)

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Consider a project with the following cash flows in dollars ($):

Year    Cash Flow
0    -15,000
1    5000
2    5000
3    5000
4    5000

Assume the appropriate discount rate for this project is 12%. What is the payback period for this project? (Round your answer to the tenths.)

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