Projects payback period
Problem:
A project has an initial cost of $54,175, expected net cash inflows of $12,000 per year for 9 years, and a cost of capital of 12%.
Required:
Question: What is the projects payback period?
Note: Please show how to work it out.
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What is the projects PI? Note: Please show the work not just the answer.
What is the projects payback period? Note: Please show how to work it out.
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