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Stern Associates is considering a project that has the following cash flow data. What is the...

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Finance

Stern Associates is considering a project that has the followingcash flow data. What is the project's payback? Show Work!

Year

0

1

2

3

4

5

Cash flows

-$1,000

$400

$410

$420

$430

$440

Answer & Explanation Solved by verified expert
4.0 Ratings (722 Votes)
Answer 2 years and 166 days 245 years Payback period When the annual cash flows are not uniform the cumulative cash inflows from operations must be calculated for each year The payback period shall be corresponding    See Answer
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Transcribed Image Text

Stern Associates is considering a project that has the followingcash flow data. What is the project's payback? Show Work!Year012345Cash flows-$1,000$400$410$420$430$440

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