Finance: Evalulate Proposals, Payback, NPV, IRR, Optimal Capital
A firm is evaluating a proposal which has an initial investment of $35,000 and has cash flows of $10,000 in year 1, $20,000 in year 2, and $10,000 in year 3. The payback period of the project is A) 1 year. B) 2 years. C) between 1 and 2 years. D) between 2 and 3 years. -- From the informatio