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Stewart Associates is considering a project that has the following cash flow data. What is the ...

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Stewart Associates is considering a project that has the following cash flow data. What is the ...

Stewart Associates is considering a project that has the following cash flow data. What is the project’s payback?

Year:	0	1	2	3	4	5
Cash flows:	–$1,300	$400	$410	$420	$430	$440

▸

2.54 years

▸

3.16 years

▸

3.89 years

▸

4.21 years

Textbook

Financial Management: Theory and Practice

Edition: 4^th

Authors: Brigham, Ehrhardt, Gessaroli, Nason

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