Project L requires an initial outlay at t = 0 of $53,000, its expected cash inflows are $10,000 per year for 10 years, and its WACC is 11%. What is the project's payback? Round your answer to two decimal places. years
Project L requires an initial outlay at t = 0 of $53,000, its expected cash inflows are $10,000 per year for 10 years, and its WACC is 11%. What is the project's payback? Round your answer to two decimal places. years
Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter12: Capital Budgeting: Decision Criteria
Section: Chapter Questions
Problem 1P: A project has an initial cost of 40,000, expected net cash inflows of 9,000 per year for 7 years,...
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Problem Walk-Through
Project L requires an initial outlay at t = 0 of $53,000, its expected cash inflows are $10,000 per year for 10 years, and its WACC is 11%. What is the project's payback?
Round your answer to two decimal places.
years](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F28e2909e-59ae-4572-aed3-07960c54a16c%2Fb6150a39-8faf-4e25-b08a-17f1ca4fac0b%2Fcr4dxyl_processed.jpeg&w=3840&q=75)
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Problem Walk-Through
Project L requires an initial outlay at t = 0 of $53,000, its expected cash inflows are $10,000 per year for 10 years, and its WACC is 11%. What is the project's payback?
Round your answer to two decimal places.
years
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