(Ignore income taxes in this problem.) Flamio Corporation is considering a project that would require an initial investment of $210,000 and would last for 6 years. The incremental annual revenues and expenses for each of the 6 years would be as follows: At the end of the project, the scrap value of the project's assets would be $24,000.
Required:
Determine the payback period of the project. Show your work!

Question

(Ignore income taxes in this problem.) Flamio Corporation is considering a project that would require an initial investment of $210,000 and would last for 6 years. The incremental annual revenues and expenses for each of the 6 years would be as follows:  At the end of the project, the scrap value of the project's assets would be $24,000.
Required:
Determine the payback period of the project. Show your work!

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The Answer of (Ignore income taxes in this problem.) Flamio Corporation is considering a project that would require an initial investment of $210,000 and would last for 6 years. The incremental annual revenues and expenses for each of the 6 years would be as follows:  At the end of the project, the scrap value of the project's assets would be $24,000.
Required:
Determine the payback period of the project. Show your work!

(Ignore Income Taxes in This Problem