payback period c
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Transcribed Image Text:JFINEX Corporation is considering a new
project that will cost 165,000. It is expected to
generate cash flows over the next three years
in
the amounts of +150,000 in year one, -20,000
in
year two, and +80,000 in year three. The
required rate of return is 7%. What is the
payback period of this project?"
1.75 years
2.44 years
3.0 years
2.65 years
None of the above
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