The blank NVP is best suited for decisions on relatively small, minor projects, while blank playback is more appropriate for large, complex projects.
Simply put, until the cumulative cash flow is positive—at which point the payback year is determined—the cost of the investment is divided by the annual cash flow to find the payback duration. Years are a popular unit of expression for the payback time. The payback period is determined by calculating how many years it will take to recoup the money invested while taking into consideration the time value of money. For instance, if it takes five years to recoup the cost of an investment, the payback period is five years.
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