In: Finance
QUESTION 21
Calculate the payback period for a project that costs $400,000 if the cash inflows are $165,000 in year 1, $182,000 in year 2, $151,000 in year 3, and $146,000 in year 4.
|
2.541 years |
||
|
2.351 years |
||
|
3.114 years |
||
|
3.894 years |
||
|
none of the above |