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A project has an initial cost of $18,400 and produces 3 cash inflows of $7,200, $8,900, and $7,500 over three years, respectively. Use both the
A project has an initial cost of $18,400 and produces 3 cash inflows of $7,200, $8,900, and $7,500 over three years, respectively. Use both the payback period and the discounted payback period rules to analyze the project. Should we accept it? If yes, under which criterion and what is the minimum number of years we should preset so that the project would be accepted?
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