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Pharoah Bancorp has made an investment in banking software at a cost of $1,726,200. If management expects productivity gains and cost savings to generate additional cash flows of $466,900, $797,600, $439,600, and $312,760 over the next four years, what is the investment's payback period? (Round answer to 2 decimal places, e.g. 15.25.) Payback period i years

Pharoah Bancorp has made an investment in banking software at a cost of $1,726,200. If management expects productivity gains and cost savings to generate additional cash flows of $466,900, $797,600, $439,600, and $312,760 over the next four years, what is the investment's payback period? (Round answer to 2 decimal places, e.g. 15.25.) Payback period i years

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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Pharoah Bancorp has made an investment in banking software at a cost of $1,726,200. If management expects productivity gains and cost savings to generate additional cash flows of $466,900, $797,600, $439,600, and $312,760 over the next four years, what is the investment's payback period? (Round answer to 2 decimal places, e.g. 15.25.) Payback period is years
Transcribed Image Text:Pharoah Bancorp has made an investment in banking software at a cost of $1,726,200. If management expects productivity gains and cost savings to generate additional cash flows of $466,900, $797,600, $439,600, and $312,760 over the next four years, what is the investment's payback period? (Round answer to 2 decimal places, e.g. 15.25.) Payback period is years
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