Fundamentals of Financial Management (MindTap Course List)
Fundamentals of Financial Management (MindTap Course List)
15th Edition
ISBN: 9781337395250
Author: Eugene F. Brigham, Joel F. Houston
Publisher: Cengage Learning
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Chapter 11, Problem 4P
Summary Introduction

To calculate: The payback period for the given project.

Introduction:

Payback Period:

It refers to the time period that is required to get an amount invested in a project with some return on the project. In other words, it is the time that a project takes to repay the amount invested with some return attached to the project.

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Fundamentals of Financial Management (MindTap Course List)

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