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Payback: Quebec Ltd is purchasing machinery at a cost of $4,424,766. The company expects, as a...

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Finance

Payback: Quebec Ltd is purchasing machinery ata cost of $4,424,766. The company expects, as a result, cash flowsof $751,751, $1,196,086, and $2,756,146 over the next three years.The payback period is

years.

(Round your answer to 2 decimal places. Allintermittent calculations should be rounded to 4 decimal placesbefore carrying to next calculation.)

Answer & Explanation Solved by verified expert
4.3 Ratings (739 Votes)
Payback Period The Payback Period Method refers to the period in which the proposed project will generate the cash inflows to recover the Initial Investment costs It    See Answer
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