Answered: An investment project provides annual…

An investment project provides annual cash inflows of $1,280 for 6 years. If the initial investment is $4,480, what is the project payback period?

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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Please solve this question General accounting and step by step explanation

An investment project provides annual
cash inflows of $1,280 for 6 years. If the
initial investment is $4,480, what is the
project payback period?

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