Question 14 Canadian Pacific is considering a project that h

Question 14 Canadian Pacific is considering a project that has an initial cash outflow of 1.395, and expected cash inflows of $500 in years 1, 2, and 3. What is the project\'s payback? Your answer should be between 2.15 and 2.90 years, rounded to 2 decimal places, with no special characters D Question 15 5 pts Johnson Controls has a project with a cost of $7,000 and expected cash flow 088 0a0 FS F& F7

Solution

payback of the project = 2 + (1395 - 500 * 2) / 500

payback of the project = 2.79 years