A project has estimated annual net cash flows of $56,100. It is estimated to cost $336,600. Determine the cash payback period. Round the answer to one decimal place. years
A project has estimated annual net cash flows of $56,100. It is estimated to cost $336,600. Determine the cash payback period. Round the answer to one decimal place. years
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter12: Capital Investment Analysis
Section: Chapter Questions
Problem 2BE
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![A project has estimated annual net cash flows of $56,100. It is estimated to cost $336,600.
Determine the cash payback period. Round the answer to one decimal place.
years](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F5b4efbe9-e7a0-42de-ad9c-0b95cdd0103e%2Fc3acd642-0aee-4211-9586-1a6a7f78d16c%2F64rdgqd_processed.jpeg&w=3840&q=75)
Transcribed Image Text:A project has estimated annual net cash flows of $56,100. It is estimated to cost $336,600.
Determine the cash payback period. Round the answer to one decimal place.
years
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