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EXAM - Chap. 1-8 i There is a project with the following cash flows : Year ON+ Cash Flow -$23,900 7,100 7,750 7,150 5,200 Wha
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Ans 3.37 years

Year Cash Flow Cumulative Cash Flow
0 -23900 -23900
1 7100 -16800
2 7750 -9050
3 7150 -1900
4 5200 3300
TOTAL 3300
Payback Period = 3 YEARS + 1900/5200
3.37 YEARS
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