A company paid 50,000 cash for a capital investment. The company expects the investment to generate net cash inflows of 8,400 per year. What is the payback period of this investment?
I said about 6years - is that correct?
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A company paid 50,000 cash for a capital investment. The company expects the investment to generate net cash inflows of 8,400 per year. What is the payback period of this investment?
I said about 6years - is that correct?
Yup.
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