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M http://ezto.mheducation.com/hm.tpx || M Chapters 24-25 Homework ×19 Chegg Study | Guided Solution File Edit View Favorites Tools Help E' Younique by Courtney s.. Gastric Sleeve weight Los west Kentucky Communi welcome to Facebook - G Google e Home Chegg Chapters 24-25 Homeworlk Instructions I help KQuestion 13 (of 23) Save & ExiSubmit 13 4.00 polnts Park Co. is considering an investment that requires immediate payment of $29,000 and provides expected cash inflows of $13,600 annually for four years. What is the investment's payback period? (FV of $1, PV of $1, FVA of $1 and PVA of $1 (Use appropriate factor(s) from the tables provided.) Payback Period Choose Numerator: 1 Payback Period Payback period Choose Denominator: = References eBook & Resources Expanded table Difficulty: 1 Easy Learning Objective: 25-P1 Compute payback period and describe its use 11:25 PM 4/19/2016

Explanation / Answer

in given question interest rate not given. so cash flow not discounted to present value

Year Cash flow Cumulative Cash flow 0      -29,000                               -29,000 1       13,600                               -15,400 2       13,600                                 -1,800 3       13,600                                 11,800 4       13,600                                 25,400

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