(Ignore income taxes in this problem.) Burwinkel Corporation is considering a project that would require an investment of $252,000 and would last for 7 years. The incremental annual revenues and expenses generated by the project during those 7 years would be as follows:
The scrap value of the project's assets at the end of the project would be $28,000. The payback period of the project is closest to:

Question

(Ignore income taxes in this problem.) Burwinkel Corporation is considering a project that would require an investment of $252,000 and would last for 7 years. The incremental annual revenues and expenses generated by the project during those 7 years would be as follows: 
The scrap value of the project's assets at the end of the project would be $28,000. The payback period of the project is closest to:

Quizplus · Accepted Answer

The Answer of (Ignore income taxes in this problem.) Burwinkel Corporation is considering a project that would require an investment of $252,000 and would last for 7 years. The incremental annual revenues and expenses generated by the project during those 7 years would be as follows: 
The scrap value of the project's assets at the end of the project would be $28,000. The payback period of the project is closest to:

(Ignore Income Taxes in This Problem