Calculate the projects approximate payback period

Fundamentals Of Financial Management, Concise Edition (mindtap Course List)
10th Edition
ISBN:9781337902571
Author:Eugene F. Brigham, Joel F. Houston
Publisher:Eugene F. Brigham, Joel F. Houston
Chapter16: Financial Planning And Forecasting
Section: Chapter Questions
Problem 2P: AFN EQUATION Refer to Problem 16-1. What additional funds would be needed if the companys year-end...
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Calculate the projects approximate payback period 

A capital project is expected to generate the following cash flows.
Year
1
4
-450,000
150,000
120,000
170,000
145,000
130,000
Transcribed Image Text:A capital project is expected to generate the following cash flows. Year 1 4 -450,000 150,000 120,000 170,000 145,000 130,000
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