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A company is evaluating a project with the following cash

A company is evaluating a project with the following cash flows:

Year 0: ($10,000)

Year 1: $2,000

Year 2: $3,000

Year 3: $4,000

Year 4: $5,000

Year 5: $6,000

With these cash flows I believe it will take 3.2 years to pay back the project - is this correct?

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Finance Basics: A company is evaluating a project with the following cash

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Finance Basics: A company is evaluating a project with the following cash

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