The following are the cash flows of two projects: Year 0 1234 Project A $ (380) 210 210 210 210 Project A B Project B $ (380) 280 280 280 What is the payback period of each project? Note: Round your answers to 1 decimal place. Payback Period years years

Essentials Of Investments
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Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
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Chapter1: Investments: Background And Issues
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Problem 8-8 Payback (LO4)
The following are the cash flows of two projects:
Year Project A
$ (380)
Project B
$ (380)
0
210
280
210
280
210
280
210
1234
4
What is the payback period of each project?
Note: Round your answers to 1 decimal place.
Project
A
B
Payback Period
years
years
Transcribed Image Text:Problem 8-8 Payback (LO4) The following are the cash flows of two projects: Year Project A $ (380) Project B $ (380) 0 210 280 210 280 210 280 210 1234 4 What is the payback period of each project? Note: Round your answers to 1 decimal place. Project A B Payback Period years years
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