A project has estimated annual net cash flows of $69,300. It is estimated to cost $235,620. Determine the cash payback period. Round the answer to one decimal place. years

Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter12: Capital Investment Analysis
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A project has estimated annual net cash flows of $69,300. It is estimated to cost $235,620. Determine the cash payback period. Round the answer to one decimal place.
years
Transcribed Image Text:A project has estimated annual net cash flows of $69,300. It is estimated to cost $235,620. Determine the cash payback period. Round the answer to one decimal place. years
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