What is the payback period? Round up to the next month Use the following table:
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![Kabab Co. is considering a $240,000 investment, which will provide net returns of $110,000, $160,000, and $220,000 in the
second, third, and fourth years, respectively.
What is the payback period? Round up to the next month
Use the following table:
Cumulative Cash
Cash
Outflow
Çash
Inflow
Net Cash
Year
Flow
Flow
2 years and 10 months
Ob.
2 years and 9 months
2 years and 11 months
Od.
2 years and 8 months](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fdacf3e3a-bdd2-48d5-901e-c539465e0a7d%2Fc419dacd-1fe1-4e89-a05e-a50171e20ffd%2Fiz3ypxf_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Kabab Co. is considering a $240,000 investment, which will provide net returns of $110,000, $160,000, and $220,000 in the
second, third, and fourth years, respectively.
What is the payback period? Round up to the next month
Use the following table:
Cumulative Cash
Cash
Outflow
Çash
Inflow
Net Cash
Year
Flow
Flow
2 years and 10 months
Ob.
2 years and 9 months
2 years and 11 months
Od.
2 years and 8 months
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