Question
An investment requires an initial outlay of $8000 today and is expected to pay never ending annual cash flows of $200 per year that start
An investment requires an initial outlay of $8000 today and is expected to pay never ending annual cash flows of $200 per year that start exactly one year from now. The appropriate discount rate is 11%. What is the payback perios(PB)? (units of years)
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Fundamentals Of Corporate Finance
Authors: Berk, Peter DeMarzo, Jarrad Harford
3rd Global Edition
1292018402, 9781292018409
