Calculate the payback period for quebec company
Question: Quebec Company is interested to buy machinery at a cost of 3,768,966 dollar. The company expects, as a result, cash flows of $979,225, $1,158,886, and $1,881,497 over the next 3 years. Calculate the payback period.
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Quebec Company is interested to buy machinery at a cost of 3,768,966 dollar. The company expects, as a result, cash flows of $979,225, $1,158,886, and $1,881,497 over the next 3 years. Calculate the payback period.
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