
Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Compute the payback statistic for Project A if the appropriate cost of capital is 7 percent and the maximum allowable payback period is four years. (Round your answer to 2 decimal places.)
Project A | ||||||
Time: | 0 | 1 | 2 | 3 | 4 | 5 |
Cash flow: | −$1,400 | $510 | $600 | $600 | $380 | $180 |
Payback years: _______.__
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