Question
Consider the following table that shows expected annual cash flows from a proposed investment. Year Cash Flow 0 $10 1 $2 2 $3 3 $4
Consider the following table that shows expected annual cash flows from a proposed investment.
| Year | Cash Flow |
| 0 | $10 |
| 1 | $2 |
| 2 | $3 |
| 3 | $4 |
| 4 | $5 |
| 5 | $6 |
If the annual required return is 7%, what is the discounted payback period of the project (rounded to the first decimal)?
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Management Leading And Collaborating In The Competitive World
Authors: Thomas Bateman, Scott Snell
9th Edition
0078137241, 9780078137242
