Fundamentals of Financial Manageme...
Solutions
Fundamentals of Financial Manageme...
PAYBACK PERIOD Refer to Problem 11-1. What is the project’s payback?
To calculate: The payback period for the given project.
Payback Period:
It refers to the time period that is required to get an amount invested in a project with some return on it. In other words, it is the time that a project takes to repay the amount invested with some return attached to it.
Given,
Cost of the project is $52,125.
Life of project is 8 years.
Cash inflow from project per year is $12,000.
Cost of capital of the project is 12%.
The formula to calculate payback period is,
Chapter 11 Solutions
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