The Golden Goose is considering a project

The Golden Goose is considering a project with an initial cost of $46,700. The project will produce cash inflows of $10,000 a year for the first two years and $12,000 a year for the following three years. What is the payback period? 



honeyd


16-09-20 | 18:37:32

Year Cash Flows Cumulative Cash Flows 0 46,700 46,700 1 10000 36700 2 10000 26700 3 12000 14700 4 12000 2700 5 12000 9300 = 4+ (2700/12000) =4.225 years

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