There is a project with the following cash flows: Year Cash Flow -$ 23,750 1 6,900 TI 2 8,000 3 7,050 4 7,650 5 6,500 What is the payback period? Multiple Choice O O O O 2.74 years 3.80 years 3.24 years 4.00 years 3.49 years
There is a project with the following cash flows: Year Cash Flow -$ 23,750 1 6,900 TI 2 8,000 3 7,050 4 7,650 5 6,500 What is the payback period? Multiple Choice O O O O 2.74 years 3.80 years 3.24 years 4.00 years 3.49 years
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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![There is a project with the following cash flows:
Year
0
1
2
3
4
5
Cash Flow
-$ 23,750
6,900
8,000
7,050
7,650
6,500
What is the payback period?
Multiple Choice
2.74 years
3.80 years
3.24 years
4.00 years
3.49 years](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F54a3e796-27ed-4a7c-85d4-26a5f9b8ba12%2F61196476-c151-40cf-bd60-8abdcb13eaad%2F310nhxu_processed.png&w=3840&q=75)
Transcribed Image Text:There is a project with the following cash flows:
Year
0
1
2
3
4
5
Cash Flow
-$ 23,750
6,900
8,000
7,050
7,650
6,500
What is the payback period?
Multiple Choice
2.74 years
3.80 years
3.24 years
4.00 years
3.49 years
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