A project that costs $24,500 today will generate cash flows of $8,400 per year for seven years. What is the project's payback period? Multiple Choice O 2.43 years 2.92 years 2.33 years 300 years 34 years

A project that costs $24,500 today will generate cash flows of $8,400 per year for seven years. What is the project's payback period? Multiple Choice O 2.43 years 2.92 years 2.33 years 300 years 34 years

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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Question

A project that costs $24,500 today will generate cash flows of $8,400 per year for seven years. What is the project's payback period?
Multiple Choice
O
2.43 years
2.92 years
2.33 years
3.00 years
34 years

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