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A firm uses Discounted Payback Period for selecting potential projects. A potential project under consideration requires an investment of $201.001. . For the project under
A firm uses Discounted Payback Period for selecting potential projects. A potential project under consideration requires an investment of $201.001. . For the project under consideration, the discount rate is 6.5%. 2 The estimated cash-flows from the project are given below: Time (Years) Cash-flow ($) 1 91,054 84,411 80,526 4 -6,081 5 132,996 Determine the payback period (in years) by the Discounted Payback Period method for the project under consideration 3 IMPORTANT: Write your answer up to two decimal places
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