Answered: A project has estimated annual net cash…

A project has estimated annual net cash flows of $28,000. It is estimated to cost $81,200. Determine the cash payback period. Round your answer to one decimal place.fill in the blank 1 of 1 years

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter12: Capital Budgeting: Decision Criteria

Section: Chapter Questions

Problem 1P: A project has an initial cost of 40,000, expected net cash inflows of 9,000 per year for 7 years,...

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Question

A project has estimated annual net cash flows of $28,000. It is estimated to cost $81,200.

Determine the cash payback period. Round your answer to one decimal place.
fill in the blank 1 of 1 years

Definition Definition Net amount of cash that an entity receives and expends over the course of a given period. For a business to continue operating, positive cash flows are required, and they are also necessary to produce value for investors. Investors in particular prefer to see growing cash flows even after capital expenditures have been paid for (which is known as free cash flow).

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