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A project that costs $24,500 today will generate cash flows of $8,400 per year for seven...

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Finance

A project that costs $24,500 today will generate cash flows of$8,400 per year for seven years. What is the project's paybackperiod?

  • 2.33 years

  • 2.92 years

  • 3.00 years

  • 2.43 years

  • .34 years

Answer & Explanation Solved by verified expert
3.9 Ratings (614 Votes)
Solution The Projects Payback period    See Answer
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