A capital investment requiring a single initial cash outflow is forecast to have an operating profit of $50,000 per year for five years. There is no salvage value at the end of the five years. If the investment has an IRR of 17%, calculate its payback period.

Question

Quizplus · Accepted Answer

The Answer of A capital investment requiring a single initial cash outflow is forecast to have an operating profit of $50,000 per year for five years. There is no salvage value at the end of the five years. If the investment has an IRR of 17%, calculate its payback period.

A Capital Investment Requiring a Single Initial Cash Outflow Is