Calculate the projects payback period in years


A particular project requires an initial investment of $10,000 and is expected to generate future cash flows of $4,000 for Year 1 and $3,000 for years 2 through 5.

Required
Calculate the project's payback period in years. If required, round to the nearest whole year.

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Accounting Basics: Calculate the projects payback period in years
Reference No:- TGS0702923

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