Answer :
Answer:
2.33 years
Explanation:
Cashflows (150,000+156,000+175,000+153,000+155,000)=$789,000
Period Cashflow Difference
0 -364,000
1 150,000 -214,000
2 156,000 -58,000
3 175,000 117,000
Formula for payback=A+(B/C)
Where A=Last period where negative cumulative cash flow occurred
B=Differential negative amount of previous period (taken as positive in formula)
C=Positive amount for the whole next year
A= 2 year
B=58,000
C=175,000
Payback period=2+(58,000/175,000)=2.3 years
Answer:
2.3years
Explanation:
The table attached shows the explanation