ooknthtFWhat is the payback period for the following set of cash flows? (Do not roundintermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)Year012340Cash Flow-$ 5,8001,3751,5751,9751,475Payback period4.59 years

Payback Period is the period within which the orignial amount invested is recovered

Answered: Cash Flow -$ 5,800 1,375 1,575 1,975…

Business

Accounting

Cash Flow -$ 5,800 1,375 1,575 1,975 1,475

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

ook
nt
ht
F
What is the payback period for the following set of cash flows? (Do not round
intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Year
01234
0
Cash Flow
-$ 5,800
1,375
1,575
1,975
1,475
Payback period
4.59 years

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