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As the new financial manager of African Delight (Pty) Ltd. You need to evaluate ...

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As the new financial manager of African Delight (Pty) Ltd. You need to evaluate project A with the following cash flows:

  

            Year                Project A (CFs in Rands)

            0                                  -66 900

            1                                  32 000

            2                                  38 000

            3                                  36 000

 

            The applicable discount rate for the project is 12%.

 

  Calculate the payback period for project A ___________ 
100%
0%
0%
0%
0%
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