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  3. payback period is initial cash outlay = $-100. cas

Payback Period is Initial Cash Outlay = $-100. Cash Inflow Year 1 = +60. Cash Inflow Year 2...

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Finance

Payback Period is
Initial Cash Outlay = $-100.
Cash Inflow Year 1 = +60.
Cash Inflow Year 2 = +9.
Cash Inflow Year 3 = +60.

1 year.

2.52 years.

3 years.

never.

Answer & Explanation Solved by verified expert
4.3 Ratings (929 Votes)

Calculation of payback period:
Time Amount Cumulative
                  -         (100.00)            (100.00)
             1.00            60.00              (40.00)
             2.00              9.00              (31.00)
             3.00            60.00                 29.00
Payback Period= 2+ 31/60
Payback Period= 2.52 years
Correct answer is 2.52years

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