Problema project requires an initial cash outlay of 95000, Ask an Expert

Accounting

Problem:

A project requires an initial cash outlay of $95,000 and has expected cash inflows of $20,000 annually for 9 years. The cost of capital is 10%.

Required:

Question: What is the project's payback period?

Note: Please explain comprehensively and give step by step solution.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91167049

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