Conceptual Connection: What is the payback period for each of Kambry Day\'s proj

Question

Conceptual Connection: What is the payback period for each of Kambry Day's projects? Round your answers to two decimal places.

Project A years Project B years Kambry Day is considering investing in one of the following two projects. Either project will require an investment of $20,000. The expected cash flows for the two projects follow. Assume that each project is depreciable. Conceptual Connection: What is the payback period for each of Kambry Day's projects? Round your answers to two decimal places.

Explanation / Answer

project A

20000 - 6000

14000 - 8000

6000/10000

payback period = 2.6 years

priject B

20000 - 6000

14000 - 8000

payback period = 2.6 years

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