Compute the traditional payback period (PB) for a project that costs $56,000 if it is expected to generate $14,000 per year for six years? Round your answer to the nearest whole number. ______ years

If the firm's required rate of return is 12 percent, what is the project's discounted payback period (DPB)? Do not round intermediate calculations. Round your answer to two decimal places. ______ years

Should the project be purchased?

The project - SHOULD / SHOULD NOT - be purchased.

Compute the traditional payback period (PB) for a project that costs $56,000 if it is expected to generate $14,000 per year for six years? Round your answer to the nearest whole number. years If the firm's required rate of return is 12 percent, what is the project's discounted payback period (DPB)? Do not round intermediate calculations. Round your answer to two decimal places. years Should the project be purchased? The project - Select be purchased