Park Company is considering an investment of $29,000 that provides net cash flows of $13,400 annually for four years. What is the investment's payback period? Numerator: Initial investment Payback Period Denominator: Annual net cash flow Payback Period Payback period
Park Company is considering an investment of $29,000 that provides net cash flows of $13,400 annually for four years. What is the investment's payback period? Numerator: Initial investment Payback Period Denominator: Annual net cash flow Payback Period Payback period
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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3 QS 24-1 (Algo) Payback period and equal cash flows LO P1 Park Company is considering an investment of $29,000 that provides net cash flows of $13,400 annually for four years. What is the investment's payback period? Numerator: Initial investment 1 Payback Period Denominator: Annual net cash flow Payback Period Payback period
Transcribed Image Text:QS 24-1 (Algo) Payback period and equal cash flows LO P1
Park Company is considering an investment of $29,000 that provides net cash flows of $13,400 annually for four years. What is the
investment's payback period?
Numerator:
Initial investment
1
Payback Period
Denominator:
Annual net cash flow
Payback Period
Payback period
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