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Homework answers / question archive / Project L costs $35,000, its expected cash inflows are $11,000 per year for 12 years, and its WACC is 12%
Project L costs $35,000, its expected cash inflows are $11,000 per year for 12 years, and its WACC is 12%. What is the project's payback? Round your answer to two decimal places. years
Project payback period is the time required to recover initial investment using annual cash inflows
Project payback period = Cost of project/ Annual cash inflow.
Payback period =35000/11000=3.18 years
