Question
An investment project has annual cash inflows of $4,443, $3,418, $4,992, and $3,225 for the next four years, respectively, and a discount rate of 14%.
An investment project has annual cash inflows of $4,443, $3,418, $4,992, and $3,225 for the next four years, respectively, and a discount rate of 14%.
What is the discounted payback if the initial investment is $8,000? (Round answer to 0 decimal places. Do not round intermediate calculations)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
International Finance
Authors: Maurice D Levi
5th Edition
0415774594, 9780415774598
