What is the payback period on Popeye's purchase of a new pleasure boat for his tourist business? The expected cash flows appear below. (note: payback is in years; round to 2 decimals) Year 0 cash flow = -9,100,000 Year 1 cash flow = 2,200,000 Year 2 cash flow = 3,900,000 Year 3 cash flow = 3,100,000 Year 4 cash flow = 2,200,000 Year 5 cash flow = 4,400,000 Year 6 cash flow = 3,900,000
What is the payback period on Popeye's purchase of a new pleasure boat for his tourist business? The expected cash flows appear below. (note: payback is in years; round to 2 decimals) Year 0 cash flow = -9,100,000 Year 1 cash flow = 2,200,000 Year 2 cash flow = 3,900,000 Year 3 cash flow = 3,100,000 Year 4 cash flow = 2,200,000 Year 5 cash flow = 4,400,000 Year 6 cash flow = 3,900,000
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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What is the payback period on Popeye's purchase of a new pleasure boat for his tourist business? The expected cash flows appear below. (note: payback is in years; round to 2 decimals)
Year 0 cash flow = -9,100,000
Year 1 cash flow = 2,200,000
Year 2 cash flow = 3,900,000
Year 3 cash flow = 3,100,000
Year 4 cash flow = 2,200,000
Year 5 cash flow = 4,400,000
Year 6 cash flow = 3,900,000
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