Question
A 10-year project has a cost of $500,000 and has annual cash flows of $100,000 in years 1-10. The company's required rate is 8% c.m.
A 10-year project has a cost of $500,000 and has annual cash flows of $100,000 in years 1-10. The company's required rate is 8% c.m. Given this information, calculate the discounted payback of the project?
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Fundamentals of Financial Management
Authors: Eugene F. Brigham
Concise 9th Edition
1305635937, 1305635930, 978-1305635937
