Wildhorse Solutions, Inc., has just invested $4,869,000 in new equipment. The firm uses a payback period criteria of rejecting any project that takes more than four years to recover its costs. Management anticipates cash flows of $746,600, $745,400, $874,300,
$1,556,400, $3,094,500, and $1,830,100 over the next six years. (Round answer to 2 decimal places, e. g. 15.25.)
What is the payback period of this investment?
Payback period is
years,
Should Wildhorse Solutions, Inc. go ahead with this project?
The firm
. the project