Compute the payback period for an investment with the following net cash flows. (Round your answer to one decimal place) 2. $ (118,000) 21,000 21,500 24,900 41,900 (106,200) (84,400) (37,620) 4,100

Essentials Of Investments
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ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
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Chapter1: Investments: Background And Issues
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Compute the payback period for an investment with the following net cash flows (Round your answer to one decimal place.)
Net Cash Flows
per Year
$ (115,000)
11,000
21,000
21,000
2.
3.
4.
Year
41,000
years
Cumulative Net
Cash Flows
$ (118,000)
(105,200)
(84,400)
(62,000)
(37,620)
4,100
45,900
Transcribed Image Text:Compute the payback period for an investment with the following net cash flows (Round your answer to one decimal place.) Net Cash Flows per Year $ (115,000) 11,000 21,000 21,000 2. 3. 4. Year 41,000 years Cumulative Net Cash Flows $ (118,000) (105,200) (84,400) (62,000) (37,620) 4,100 45,900
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