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5. In the company EXELIXI S.A. an investment opportunity has presented itself which will generate the following cash flows: 1st year 10,000 2nd year 10,000

5. In the company EXELIXI S.A. an investment opportunity has presented itself which will generate the following cash flows: 1st year 10,000 2nd year 10,000 3rd year 15,000 4th year 15,000 5th year 20,000 6th year 20,000 The compared investment will cost the company 50,000 today, while the company's cost of capital is 9%. We assume that cash flows occur equally (at a similar rate) throughout the year. What is the discounted payback period of the investment

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