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A project has an initial cost of $50,675, expected net cash inflows of $12,000 per year...

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Finance

  1. A project has an initial cost of $50,675, expected net cashinflows of $12,000 per year for 9 years, and a cost of capital of13%. What is the project's payback period? Round your answer to twodecimal places.

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A project has an initial cost of $50,675, expected net cashinflows of $12,000 per year for 9 years, and a cost of capital of13%. What is the project's payback period? Round your answer to twodecimal places.

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