Nestor Company is considering the purchase of an asset for $100,000. It is expected to produce the following net cash flows. The cash flows occur evenly throughout each year. Annual Net Cash Flows Year 1 $40,000 Year 2 $40,000 Year 3 $35,000 Year 4 $35,000 Year 5 $30,000 Compute the payback period for this investment. (Round to two decimal places.)
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Home » Business » Nestor Company is considering the purchase of an asset for $100,000. It is expected to produce the following net cash flows. The cash flows occur evenly throughout each year.