Question

In: Finance

You are a real estate agent thinking of placing a sign advertising your services at a...

You are a real estate agent thinking of placing a sign advertising your services at a local bus stop. The sign will cost

$5,500

and will be posted for one year. You expect that it will generate additional revenue of

$715

a month. What is the payback​ period?

Solutions

Expert Solution

Payback​ period = Initial cost / Cash flow

Payback​ period = $5,500 / $715

Payback​ period = 7.69 months

jeff jeffy answered 2 years ago
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