Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. initial outlay $5,000 year 1 $3,000 year 2 $3,500

Initial Outlay $5,000 Year 1 $3,000 Year 2 $3,500 Year 3 $3,200 Year 4 $2,800...

70.2K

Verified Solution

Question

Finance

Initial Outlay $5,000 Year 1 $3,000 Year 2 $3,500 Year 3 $3,200 Year 4 $2,800 Year 5 $2,500 What is the payback period? Round to the second decimal place. Type only numbers without any unit ($, %, etc.)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Accounting
1.2K views

Prepare in good form: an Income Statement, Statement of Owner’sEquity 2. Classified Balance Sheet,...

Accounting
1.2K views

Explain the risks and benefits associated with holdinginventoryExplain the risks and benefits associated with...

Chemistry
1.2K views

Limiting reactnt experiment What happens, if you will not stir the reaction mixture while heating on hot...

General Management
1.2K views

While referring to the Consumer Marketing Channels diagram, use a consumer product and examples of retailers...

Physics
1.2K views

A cell of constant e m f is first connected to a resistance R and...

Calculus
1.2K views

Match the following functions with the graph a The cost of building a house as...

Accounting
1.2K views

A company paid for an ordinary repair to its equipment. What...

Accounting
1.2K views

During December, Alaskan Services makes a credit sale of $3,400 (before sales taxes). The state...

Accounting
1.2K views

Using the Walmart 2019 Annual Report... What is the name of the outside...

Accounting
1.2K views

QUESTION 8 Expenditures for research and development are generally recorded as O current operating expenses...

Accounting
1.2K views

Arundel Corporation tiene 7,000 acciones del 6% de acciones preferentes acumuladas de $100 a la...

Accounting
1.2K views

ToyWorks Ltd. is a company that manufactures and sells a single product, which they call...