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
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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
Transcribed Image Text: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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