Question
An investment project has annual cash inflows of $4,236, $3,929, $4,937, and $3,366 for the next four years, respectively, and a discount rate of 16%.
An investment project has annual cash inflows of $4,236, $3,929, $4,937, and $3,366 for the next four years, respectively, and a discount rate of 16%.
What is the discounted payback if the initial investment is $5,500? (Round answer to 2 decimal places. Do not round intermediate calculations)
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Contemporary Financial Management Fundamentals
Authors: R. Charles Moyer, James R. McGuigan, Ramesh P. Rao
1st Edition
0324015771, 9780324015775
