Compute the payback period for an investment with the following net cash flows. (Round your answer to one decimal place.) Net Cash Flows per Year $ (101,000) 10,100 20,100 20,100 26,640 40,100 40,100 Cumulative Net Cash Flows $ (101,000) (90,900) (70,800) (50,700) (24,060) 16,040 56,140 Year Initial investment 1. 2. 3. 4. 5. 6. Payback period years

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Compute the payback period for an investment with the following net cash flows. (Round your answer to one decimal place.)
Net Cash Flows
Cumulative Net
per Year
$ (101,000 )
10,100
20,100
20,100
26,640
40,100
40,100
Cash Flows
$ (101,000)
(90,900)
(70,800)
(50,700)
(24,060)
16,040
56,140
Year
Initial investment
1.
2.
3.
5.
6.
Payback period
years
Transcribed Image Text:Compute the payback period for an investment with the following net cash flows. (Round your answer to one decimal place.) Net Cash Flows Cumulative Net per Year $ (101,000 ) 10,100 20,100 20,100 26,640 40,100 40,100 Cash Flows $ (101,000) (90,900) (70,800) (50,700) (24,060) 16,040 56,140 Year Initial investment 1. 2. 3. 5. 6. Payback period years
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