The management of Weimar Inc
Question:
The management of Weimar, Inc., a civil engineering design company, is considering an investment in a high-quality blueprint printer with the following cash flows:Year Investment Cash Inflow1 $54,000 $5,0002 $7,000 $10,0003 $16,0004 $17,0005 $20,0006 $18,0007 $16,0008 $14,0009 $13,00010 $13,000Required:1.Determine the payback period of the investment. (Round your answer to 1 decimal place.)
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26 Oct 2017