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
Problem 1PS
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Transcribed Image Text:3) A project requires an initial investment of
$200,000 and is expected to generate the
following net cash inflows:
PROJECT A
Year 1:60,000
Year 2:60,000
Year 3:80,000
Year 4:30,000
Year 5:30,000
Required: Compute the Pay back Period if the
minimum desired rate of return is 10%.
PVIF 909, .826, .751, .680, .623
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