Compute the payback statistic for Project A if the appropriate cost of capital is 9 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: −$2,100 $790 $810 $740 $520 $320     Payback:  ? Years

Cornerstones of Cost Management (Cornerstones Series)
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Chapter19: Capital Investment
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Problem 19E
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Compute the payback statistic for Project A if the appropriate cost of capital is 9 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: −$2,100 $790 $810 $740 $520 $320
 

 

Payback:  ? Years
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