One machine costing $1,000 produces total cash inflows of $1…
One machine costing $1,000 produces total cash inflows of $1,400 over 4 years. Determine the payback period given the following cash flows: After-Tax Cumulative Year Cash Flows Cash Flows 1 $400 $ 400 2 300 700 3 500 1,200 4 200 1,400