What is the payback perlod for the following set of cash flows? Year Cash Flow -$ 0 5,000 T 1 2,100 2 1,500 3 2,200 1,800 234 Multiple Choice 2.77 years O2.94 years O2.66 years 2.59 years 2.64 years

College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter15: Financial Statements And Year-end Accounting For A Merchandising Business
Section: Chapter Questions
Problem 2TF
icon
Related questions
Question
What is the payback period for the following set of cash flows?
Year
0
1
2
AWN
3
4
Cash Flow
-$
5,000
2,100
1,500
2,200
1,800
Multiple Choice
O
O 2.94 years
O
2.77 years
O
2.66 years
2.59 years
2.64 years
Transcribed Image Text:What is the payback period for the following set of cash flows? Year 0 1 2 AWN 3 4 Cash Flow -$ 5,000 2,100 1,500 2,200 1,800 Multiple Choice O O 2.94 years O 2.77 years O 2.66 years 2.59 years 2.64 years
Expert Solution
steps

Step by step

Solved in 3 steps with 2 images

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
College Accounting, Chapters 1-27
College Accounting, Chapters 1-27
Accounting
ISBN:
9781337794756
Author:
HEINTZ, James A.
Publisher:
Cengage Learning,
Corporate Fin Focused Approach
Corporate Fin Focused Approach
Finance
ISBN:
9781285660516
Author:
EHRHARDT
Publisher:
Cengage