(12C) Payback Period in Cash Flows

[Gamo]

This program is very good and very helpful.
I try one of the example from the 12C User's Handbook on how to calculate NPV and this same problem can also check to see the Payback Period too.

Example:
An investor has an opportunity to buy a duplex for $80,000 and
would like a return of at least 13%. He expects to keep the duplex 5 years and
then sell it for $130,000; and he anticipates the cash flows shown in the diagram
below. Calculate NPV to determine whether the investment would result in a return or a loss.

CF0 -80,000
CF1 -500
CF2 4,500
CF3 5,500
CF4 4,500
CF5 130,000

NPV is 212.18 since NPV is positive investment would increase the financial value

Now I use "Payback Period in Cash Flows" program just continue with [R/S]
Answer: 4.5 year

Gamo