Question
Compute the discounted payback statistic for Project C if the appropriate cost of capital is 8 percent and the maximum allowable discounted payback period is
| Compute the discounted payback statistic for Project C if the appropriate cost of capital is 8 percent and the maximum allowable discounted payback period is three years. (Do not round intermediate calculations and round your final answer to 2 decimal places.) |
| Project C | ||||||
| Time: | 0 | 1 | 2 | 3 | 4 | 5 |
| Cash flow | $1,900 | $840 | $750 | $790 | $480 | $280 |
| Discounted payback period | years |
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International Financial Reporting A Practical Guide
Authors: Alan Melville
6th edition
1292200743, 1292200766, 9781292200767, 978-1292200743
