Vincent Products is considering a project that will require an initial investment of $45 000 and is expected to generate future cash flows of $6000 each year for the next 15 years.
Required: Calculate the payback period in years.

Question

Quizplus · Accepted Answer

The Answer of Vincent Products is considering a project that will require an initial investment of $45 000 and is expected to generate future cash flows of $6000 each year for the next 15 years.
Required: Calculate the payback period in years.

Vincent Products Is Considering a Project That Will Require an Initial