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Project L costs $65,000, its expected cash inflows are $14,000 per year for 8 years, and...

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Finance

Project L costs $65,000, its expected cash inflows are $14,000per year for 8 years, and its WACC is 14%. What is the project'spayback? Round your answer to two decimal places.

Answer & Explanation Solved by verified expert
3.9 Ratings (786 Votes)
Payback period of the project is 464 years Payback period can be defined as the time it would require a project to recover the initial investment    See Answer
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Project L costs $65,000, its expected cash inflows are $14,000per year for 8 years, and its WACC is 14%. What is the project'spayback? Round your answer to two decimal places.

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