Find the payback period in given problem

Reference no: EM132058450

Question: A project has an initial cost of $6,500. The cash inflows are $900, $2,200, $3,300, and $4,400 over the next four years, respectively. What is the payback period? If the required payback period is 3, should be project be accepted using this criterion? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM132058450

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