Business, 05.08.2020 17:01 fortwill05
You have been asked to consider the following set of cash flows (in millions (m)) from a capital budgeting project. Please find the payback period for the series of cash flows.
CFO -10m
CF1-1m
CF2-2m
CF3 3m
CF4 3m
CF5 3m
CF6 2m
a) 4 years
b) 3.3333 years
c) 3.6667 years
d) 4.3333 years
Answers: 3
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