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Payback Period Folsom Advertising, Inc. is considering an investment in a new information system. The...

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Accounting

Payback Period

Folsom Advertising, Inc. is considering an investment in a new information system. The new system requires an investment of $1,800,000 and either has

Even cash flows of $750,000 per year or

The following expected annual cash flows: $450,000, $225,000, $600,000, $600,000, and $150,000.

Required:

Calculate the payback period for each case.

a. years
b. years

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