Taggart Inc. is considering a project that has the following cash flow data. What is the project's payback? Year Cash flows 1 1.30 years 2 1.42 years 3 1.48 years 4 1.57 years 5 1.04 years 0 -$650 1 $500 2 $500 3 $500

Financial And Managerial Accounting
15th Edition
ISBN:9781337902663
Author:WARREN, Carl S.
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Chapter26: Capital Investment Analysis
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Taggart Inc. is considering a project that has the following cash
flow data. What is the project's payback?
Year
Cash flows
1 1.30 years
2 1.42 years
3 1.48 years
4
1.57 years
5 1.04 years
0
-$650
1
$500
2
$500
3
$500
Transcribed Image Text:Taggart Inc. is considering a project that has the following cash flow data. What is the project's payback? Year Cash flows 1 1.30 years 2 1.42 years 3 1.48 years 4 1.57 years 5 1.04 years 0 -$650 1 $500 2 $500 3 $500
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