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Eligma has invested in new machinery at a cost of $1,150,000. This investment is expected...

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Accounting

Eligma has invested in new machinery at a cost of $1,150,000. This investment is expected to produce cash flows of $640,000, $750,000, $860,000, and $920,000 over the next four years. What is the payback period for this project? (Round your answer to two decimal places.)

2.28 years

1.88 years

2.37 years

2.12 years

Answer & Explanation Solved by verified expert
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