Solved

Consider a Project That Requires an Investment of $22,500 Today

Question 66

Multiple Choice

Consider a project that requires an investment of $22,500 today and pays $5,250 per year for ten years.What is the payback period of the project? Assume the cost of capital is 12%.


A) 4.29 years
B) 4.52 years
C) 4.71 years
D) 4.93 years

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents