Consider the following cash flows: Year 01234 Cash Flow -$7,600 2,150 4,900 1,950 1,650 What is the payback period for the cash flows? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Payback period years

Financial Management: Theory & Practice
16th Edition
ISBN:9781337909730
Author:Brigham
Publisher:Brigham
Chapter4: Time Value Of Money
Section: Chapter Questions
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Consider the following cash flows:
Year
013300
2
4
Cash Flow
-$7,600
2,150
4,900
1,950
1,650
What is the payback period for the cash flows? (Do not round intermediate calculations
and round your answer to 2 decimal places, e.g., 32.16.)
Payback period
years
Transcribed Image Text:es Consider the following cash flows: Year 013300 2 4 Cash Flow -$7,600 2,150 4,900 1,950 1,650 What is the payback period for the cash flows? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Payback period years
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