Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. project l requires an initial outlay at t = 0 of $

Project L requires an initial outlay at t = 0 of $51,000, its expected cash...

50.1K

Verified Solution

Question

Finance

image
Project L requires an initial outlay at t = 0 of $51,000, its expected cash inflows are $13,000 per year for 7 years, and its WACC is 13%. What is the project's payback? Round your answer to two decimal places. years

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

Finance
1.2K views

Right now, the Federal Reserve is pursuing a policy of quantitative easing for the third time...

Finance
1.2K views

1) what are the different bind ratings and what do they mean 2) If a bond’s rating...

Physics
1.2K views

An uniform rod of length L cross sectional area A and Young s modulus Y...

Basic Math
1.2K views

What is the best sentinel value if the data is all positive value, cannot be...

Basic Math
1.2K views

Kathryn draws three pairs of intersecting lines. In each figure, she measures a pair of...

Statistics
1.2K views

Wildlife conservationists studying grizzly bears in the United Standard deviation of 86 pounds Construct a...

Calculus
1.2K views

Devise an exponential decay function that fits the given data then answer the accompanying questions...

Algebra
1.2K views

4 Given the Functions f x 4x 3 x 2 2x 3 and gox x...

Accounting
1.2K views

required: Calculate the company's revenue and spending variances for August. (Indicate the effect of each...

Accounting
1.2K views

What is private cloud? a. A Platform as a Service (PaaS) model. b. A standard...

Accounting
1.2K views

Jurvin Enterprises is a manufacturing company with no beginning inventories. A subset of the transactions...

Finance
1.2K views

Rosy Fern deposits $8,000 into City Bank, which pays interest of 5% compounded annually. How...