Problemmckenna sports authority is getting ready to produce, Ask an Expert

Finance

Problem:

McKenna Sports Authority is getting ready to produce a new line of gold clubs by investing $1.85 million. The investment will result in additional cash flows of $525,000, $832,500, and $1,215,000 over the next three years.

Required:

Question: What is the payback period for this project?

Note: Please show how to work it out.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M91163116

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