A project has estimated annual net cash flows of $54,000. It is estimated to cost $270,000. Determine the cash payback period in years. If required, round your answer to one decimal place.

Managerial Accounting
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ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
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Chapter12: Capital Investment Analysis
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A project has estimated annual net cash flows of $54,000. It is estimated to cost $270,000.

Determine the cash payback period in years. If required, round your answer to one decimal place.
 

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