npv23

You are evaluating an investment project costing $11,500 initially. The project will provide $3,000 in after-tax cash flows in the first year and $5,000 each year thereafter for 4 years. The maximum payback period for your company is 3 years. Your company's cost of capital is 10%. Part 1 E Attempt 1/10 for 7 pts. What is the discounted payback period for this project