What is the payback period (in years) of a project with average cash outflows of $8,000, average annual cash inflows of $10,000, and an initial investment of $13,000? (Round two decimal places.)

International Financial Management
14th Edition
ISBN:9780357130698
Author:Madura
Publisher:Madura
Chapter14: Multinational Capital Budgeting
Section: Chapter Questions
Problem 2IEE
icon
Related questions
Question

Not use ai solution given correct answer financial Accounting question

What is the payback period (in years) of a
project with average cash outflows of
$8,000, average annual cash inflows of
$10,000, and an initial investment of
$13,000? (Round two decimal places.)
Transcribed Image Text:What is the payback period (in years) of a project with average cash outflows of $8,000, average annual cash inflows of $10,000, and an initial investment of $13,000? (Round two decimal places.)
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
International Financial Management
International Financial Management
Finance
ISBN:
9780357130698
Author:
Madura
Publisher:
Cengage