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PLEASE SHOW STEP BY STEP FORMULAS WITHOUT EXCEL ONLY FINANCIAL CALCULATOR You are planning to open a restaurant in Brickell. Following the initial investment of

image text in transcribedPLEASE SHOW STEP BY STEP FORMULAS WITHOUT EXCEL ONLY FINANCIAL CALCULATOR

You are planning to open a restaurant in Brickell. Following the initial investment of $1,073,746, the expected cash flows over the next 5 years are as follows. What is the discounted payback period of this project? Assume the discount rate is 4% t Cash Flows 1 $472,055 2 $307,398 3 $165,092 4 $473,278 *Round your answer to the nearest two decimals 1.5 3.47 margin of error +/- 2%

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