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Nike is looking to invest in a new running hat project that will cost $465,000 in initial funds. The following profits for this project can

Nike is looking to invest in a new running hat project that will cost $465,000 in initial funds. The following profits for this project can be found in the following cash flow statement. What is the discounted payback period for this machine at 15% ? Year Amount 0 1 $ (465,000.00) $ 30,300.00 2 $ +A 37,875.00 3 $ 47,343.75 4 $ 59.179.69 5 $ 73,974.61 6 $ 92.468.26 $ 1A 7 115,585.33 $ 144,481.66 8 $ 180,602.07 9 $ 10 11 A A 6 $ 225,752.59 282,190.74 352,738.43 12 13 $ 440,923.03 $ 551,153.79 14 $ 688,942.24 15 9-10 11-12 12-13 13-14 10-11

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