A project has the following cash flows.What is the payback period? $$\begin{array} { | c | r | }
\hline \text { Year } & \text { Cash Flow } \
\hline 0 & - \$ 14,500 \
\hline 1 & 2,200 \
\hline 2 & 4,800 \
\hline 3 & 6,500 \
\hline 4 & 7,600 \
\hline
\end{array}$$
A)3.04 years
B)2.59 years
C)2.96 years
D)3.13 years
E)3.24 years

Question

A project has the following cash flows.What is the payback period? $$\begin{array} { | c | r | } 
\hline \text { Year } & \text { Cash Flow } \
\hline 0 & - \$ 14,500 \
\hline 1 & 2,200 \
\hline 2 & 4,800 \
\hline 3 & 6,500 \
\hline 4 & 7,600 \
\hline
\end{array}$$
A)3.04 years
B)2.59 years
C)2.96 years
D)3.13 years
E)3.24 years

Quizplus · Accepted Answer

The Answer of A project has the following cash flows.What is the payback period? $$\begin{array} { | c | r | } 
\hline \text { Year } & \text { Cash Flow } \
\hline 0 & - \$ 14,500 \
\hline 1 & 2,200 \
\hline 2 & 4,800 \
\hline 3 & 6,500 \
\hline 4 & 7,600 \
\hline
\end{array}$$
A)3.04 years
B)2.59 years
C)2.96 years
D)3.13 years
E)3.24 years

A Project Has the Following Cash Flows A)304 Years B)2

A Project Has the Following Cash Flows A)304 Years
B)2