Fin 3400- Turn bull corp is in the process of constructing a new plant
Turnbull corp is in the process of constructing a new plant at a cost of 30 million. it expects the project to generate cash flows of 13,000,000, 23,000,000, AND 29,000,000 OVER THE NECT THREE YEARS. THE COST OF CAPITAL IS 20 PERCENT
what is the payback period for this project?
2.7
1.7
1.2
2.2
