What is the payback period for the following set of cash flows? (Round answer to two decomals, i.e. 32.16)     Period Cash Flow 0 -6700 1 2200 2 3800 3 1000 4 4000

Corporate Fin Focused Approach
5th Edition
ISBN:9781285660516
Author:EHRHARDT
Publisher:EHRHARDT
Chapter4: Time Value Of Money
Section4.12: Uneven, Or Irregular, Cash Flows
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What is the payback period for the following set of cash flows? (Round answer to two decomals, i.e. 32.16)

 

 

Period

Cash Flow

0

-6700

1

2200

2

3800

3

1000

4

4000

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