Payback period criteria of not accepting any project

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Reference no: EM131322310

AMP, Inc., has invested $2,165,800 on equipment. The firm uses payback period criteria of not accepting any project that takes more than four years to recover costs. The company anticipates cash flows of $451,386, $512,178, $561,755, $764,997, $816,500, and $823,375 over the next six years. What is the payback period?

Reference no: EM131322310

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Payback period criteria of not accepting any project : AMP, Inc., has invested $2,165,800 on equipment. The firm uses payback period criteria of not accepting any project that takes more than four years to recover costs. The company anticipates cash flows of $451,386, $512,178, $561,755, $764,997, $816,5..

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