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04-11-2020
Business

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An investment project provides cash flows of $1,190 per year for 10 years. If the initial cost is $8,000, what is the payback period?

Respuesta :

ewomazinoade ewomazinoade

06-11-2020

Answer:

6.72 years

Explanation:

Payback period calculates the amount of time it takes to recover the amount invested in a project from its cumulative cash flows

payback period = amount invested / cash flow

$8000 / $1,190 = 6.72 years

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