Question
A project has an initial cost of $40,000, expected net cash inflows of $9,000 per year for 7 years, and a cost of capital of
A project has an initial cost of $40,000, expected net cash inflows of $9,000 per year for 7 years, and a cost of capital of 11%. What is the project's discounted payback period? (Hint:Begin by constructing a time line.) Do not round intermediate calculations. Round your answer to two decimal places.
years
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Finance Applications and Theory
Authors: Marcia Cornett
4th edition
1259691411, 978-1259691416
