Question
Lane Industries has a project with the following cash flows: Year Cash Flow 0 $200,000 1 60,000 2 80,000 3 70,000 4 60,000 5 50,000
Lane Industries has a project with the following cash flows:
| Year | Cash Flow |
| 0 | $200,000 |
| 1 | 60,000 |
| 2 | 80,000 |
| 3 | 70,000 |
| 4 | 60,000 |
| 5 | 50,000 |
The project's cost of capital is 12%. The discounted payback period is closest to:
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Business Mathematics
Authors: Charles MillerStanley SalzmanStanley SalzmanGary Clendenen
11th Edition
0321500121, 9780321500120
