ghopk4260 ghopk4260
  • 06-08-2020
  • Business
contestada

"What is the payback period for a $20,000 project that is expected to return $6,000 for the first two years and $3,000 for years three through five?"

Respuesta :

taylordebruyn taylordebruyn
  • 06-08-2020

Answer:

4.67 years.

Explanation:

PB = Years before cost recovery + (Remaining cost to recover ÷ Cash flow during the year)

= 4 + ($2,000 / $3,000)

= 4.67 years.

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