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. Round your final answer to 2 decimal places) |
| Time: | 0 | 1 | 2 | 3 | 4 | 5 |
| Cash Flow: | -$1000 | $480 | $480 | $520 | $300 | $100 |
Discounted payback period = ? years
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Intermediate Financial Management
Authors: Eugene F. Brigham, Phillip R. Daves
8th Edition
0324258917, 9780324258912
