Guerilla Radio Broadcasting has a project available with the following cash flows: Year 972 34 1 Cash Flow -$ 17,600 7,300 8,600 2,700 2,300 What is the payback period?
Guerilla Radio Broadcasting has a project available with the following cash flows: Year 972 34 1 Cash Flow -$ 17,600 7,300 8,600 2,700 2,300 What is the payback period?
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
radio broadcasting has a project available with the following cash flows
Transcribed Image Text:Guerilla Radio Broadcasting has a project available with the following cash flows:
| Year | Cash Flow |
|------|------------|
| 0 | -$17,600 |
| 1 | $7,300 |
| 2 | $8,600 |
| 3 | $2,700 |
| 4 | $2,300 |
What is the payback period?
Transcribed Image Text:The image displays a multiple-choice question with several options listed as follows:
- 3.00 years
- 2.92 years
- 2.63 years
- 3.07 years
- 1.37 years
Each option is accompanied by a circular selection button, suggesting that this may be part of a quiz or assessment designed to evaluate understanding or knowledge on a specific topic.
Expert Solution
Step 1
concept.
Pay back period is the capital budgeting technique.
It is time required to recover original cash investment.
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