question archive The LoveLivingInParadise Company wants to calculate how long it will take to recover their initial investment on a project
The LoveLivingInParadise Company wants to calculate how long it will take to recover their initial investment on a project
Subject:FinancePrice: Bought3
The LoveLivingInParadise Company wants to calculate how long it will take to recover their initial investment on a project. The end-of-year cash flows are estimated to be:Cost $30,000Year 1 $5,000Year 2 $15,000Year 3 $12,000Year 4 $ 8,000What is the payback period?
