Question

You are evaluating a project with an initial investment of $13.8 million dollars, and expected cash flows of $7 million dollars each for years 1-3. What is the project's simple payback? The corporate WACC is 7% Express your answer in years, rounded to 2 decimals. So, if your answer is 2.7654, then just enter 2.77

Answer 1

Answer:the simple payback period for this project is 4.03 years.

Step-by-step explanation:

Answer 2

it is just 2.7654 then 2,77