Question
Craig's Car Wash Inc. is considering a project that has the following cash flow and cost of capital (r) data. What is the project's discounted
Craig's Car Wash Inc. is considering a project that has the following cash flow and cost of capital (r) data. What is the project's discounted payback?
r = 10.00%
Year 0 -$900
1 $500
2 $500
3 $500
a. 2.09 years
b. 2.52 years
c. 1.88 years
d. 2.29 years
e. 2.78 years
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Fundamentals of Corporate Finance
Authors: Richard Brealey, Stewart Myers, Alan Marcus, Devashis Mitra, Elizabeth Maynes, William Lim
6th Canadian edition
1259024962, 978-1259024962
