Question
A company is considering the purchase of a copier that cost $2,000. Assume a required rate of return of 4.7% and the following cash flow
A company is considering the purchase of a copier that cost $2,000. Assume a required rate of return of 4.7% and the following cash flow schedule: Year 1: $4,000. Year 2: $3,000. Year 3: $5,000.
The project's discounted payback period is?
Round to four decimal places please
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Finance And Economics Discussion Series Is Learning By Exporting Important Micro Dynamic Evidence From Colombia Mexico And Morocco
Authors: United States Federal Reserve Board , Sofronis Clerides
1st Edition
1288722362, 9781288722365
