Jasmine Manufacturing is considering a project that will require an initial investment of $51,900 and is expected to generate future cash flows of $9,700 for years 1 through 3, $8,400 for years 4 and...

Extracted text: Jasmine Manufacturing is considering a project that will require an initial investment of $51,900 and is expected to generate future cash flows of $9,700 for years 1 through 3, $8,400 for years 4 and 5, and $1,500 for years 6 through 10. What is the payback period for this project? years


Extracted text: If a garden center is considering the purchase of a new tractor with an initial investment cost of $113,000, and the center expects a return of $32,000 in year one, $19,000 in years two and three, $17,000 in years four and five, and $9,000 in year six and beyond, what is the payback period? years