What is the payback period for project


Elmer Sporting Goods is getting ready to produce a new line of gold clubs by investing $1.85 million. The investment will result in additional cash flows of $525,000, $812,500, and 1,200,000 over the next three years. What is the payback period for this project?

Request for Solution File

Ask an Expert for Answer!!
Finance Basics: What is the payback period for project
Reference No:- TGS0550087

Expected delivery within 24 Hours