Assignment task:
TOPIC: Breakeven analysis - Payback UCF Health purchased and MRI machine for 3,000,000. Annual cash flows for the following years are as follows: Year 0 - (3,000,000) Year 1 - 600,000 Year 2 - 630,000 Year 3 - 662,000 Year 4 - 690,000 Year 5 - 1,462,000 Using this information calculate the cumulative cash flows column to determine when the project will be recovered. Group of answer choices Year 1 Year 4 Year 5 Year 3 Year 2