Question
Paula is planning to buy a Coffee Shop for $115,000 today. In return, Paula is expecting the following cashflows: Year1: $7,188; Year2: $28,000; Year3: $40,250;
Paula is planning to buy a Coffee Shop for $115,000 today. In return, Paula is expecting the following cashflows: Year1: $7,188; Year2: $28,000; Year3: $40,250; Year4: $50,315; Year5: $40,028 Paula can borrow from a bank at a rate of 9.40% to buy the Coffee Shop How much is the discounted payback period, in years, of this project? Enter your answer in the following format: 1.23; Hint: Answer is between 4.18 and 5.23
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The Legaltech Book
Authors: Susanne Chishti ,Sophia Adams Bhatti ,Akber Datoo ,Drago Indjic
1st Edition
1119574277, 978-1119574279
