An investment project requires a net investment of $100,000. The project is expected to generate annual net cash inflows of $28,000 for the next 5 years. The firm's cost of capital is 12%. Determine the payback period for the project.© BrainMass Inc. brainmass.com February 24, 2021, 2:35 pm ad1c9bdddf
Payback period for the project is determined in the solution.