Canada Golf Club (CGC) is considering three independent projects for July 2021 tournament. The three projects are project A, project B and project C. Given the following cash flow information, calculate the payback period for each. If CGC requires a 3-year payback before an investment can be made, which project(s) would be accepted YEAR  PROJECT A PROJECT B PROJECT C INVEST (0) -2000 -10000 -5000 1 -2000 -6000 -2000 2 800 4000 5000 3 600 3000 5000 4 600 2000 5000 5 400 2000 2000

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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Canada Golf Club (CGC) is considering three independent projects for July 2021 tournament. The
three projects are project A, project B and project C. Given the following cash flow information,
calculate the payback period for each. If CGC requires a 3-year payback before an investment
can be made, which project(s) would be accepted

YEAR  PROJECT A PROJECT B PROJECT C
INVEST (0) -2000 -10000 -5000
1 -2000 -6000 -2000
2 800 4000 5000
3 600 3000 5000
4 600 2000 5000
5 400 2000 2000
       
       
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