What is the payback period (in annual terms) of the following cashflow stream?

Entrepreneurial Finance
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ISBN:9781337635653
Author:Leach
Publisher:Leach
Chapter10: Valuing Early-stage Ventures
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What is the payback period (in annual terms) of the following cashflow stream?
Year 1: $-986
Year 4: $362
Year 9: $901
Year 13: $-42
Year 15: $808
Year 19: $-951
4
Transcribed Image Text:What is the payback period (in annual terms) of the following cashflow stream? Year 1: $-986 Year 4: $362 Year 9: $901 Year 13: $-42 Year 15: $808 Year 19: $-951 4
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