Question
Amy invests $4,780 in a project today. She expects to receive cash flows $1,200, $2,150, $1,020, and $1,865 for years 1 to 4, respectively. If
Amy invests $4,780 in a project today. She expects to receive cash flows $1,200, $2,150, $1,020, and $1,865 for years 1 to 4, respectively. If the required return is 8 percent. What is the discounted payback period? [3 marks]
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Money Banking And Financial Markets
Authors: Stephen Cecchetti
2nd Edition
0073523097, 9780073523095
