A medical group purchased equipment for $1,200,000. What is the payback period when the expected cash flows for each of the 5 years is $140,000, $175,000, $199,000, $218,000, and $245,000?
Pay back period... View the full answer
- Since Cumulative Cash flow is negative at the end of useful life of project, Project is never being recovered or it is grater than 5 years
- May 02, 2018 at 12:20pm