A project has an initial cost of $45,000, expected net cash inflows of $15,000 per year for 8 years, and a cost of capit
Posted: Fri Jul 01, 2022 7:51 am
A project has an initial cost of $45,000, expected net cashinflows of $15,000 per year for 8 years, and a cost of capital of13%. What is the project's payback period? Round your answer to twodecimal places.