Tiger Management Services is considering an investment of $75,000. Data related to the investment are as follows:
$$\begin{array} { c c }
\underline{\text { Year }} & \underline{\text { Cash Inflows }} \
1 & \$ 20,000 \
2 & 23,000 \
3 & 17,000 \
4 & 50,000 \
5 & 20,000
\end{array}$$ The investment's payback period in years (rounded to two decimal points) is:

Question

Tiger Management Services is considering an investment of $75,000. Data related to the investment are as follows:
$$\begin{array} { c c } 
\underline{\text { Year }} & \underline{\text { Cash Inflows }} \
1 & \$ 20,000 \
2 & 23,000 \
3 & 17,000 \
4 & 50,000 \
5 & 20,000
\end{array}$$ The investment's payback period in years (rounded to two decimal points) is:

Quizplus · Accepted Answer

The Answer of Tiger Management Services is considering an investment of $75,000. Data related to the investment are as follows:
$$\begin{array} { c c } 
\underline{\text { Year }} & \underline{\text { Cash Inflows }} \
1 & \$ 20,000 \
2 & 23,000 \
3 & 17,000 \
4 & 50,000 \
5 & 20,000
\end{array}$$ The investment's payback period in years (rounded to two decimal points) is:

Tiger Management Services Is Considering an Investment of $75,000 The Investment's Payback Period in Years (Rounded to Two Decimal