Question
Sanders Inc., is considering a project with the following cash flows. Year Cash Flows 0 -$50,000 1 $10,988 2 $15,644 3 $20,216 4 $40,031 5
Sanders Inc., is considering a project with the following cash flows.
| Year | Cash Flows |
| 0 | -$50,000 |
| 1 | $10,988 |
| 2 | $15,644 |
| 3 | $20,216 |
| 4 | $40,031 |
| 5 | $133,490 |
What is the discounted payback period for this project if the appropriate discount rate is 7 percent?
[Enter the final answer in as a decimal (e.g. 5.55) - not a percent]
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Advanced Accounting
Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik
10th edition
0-07-794127-6, 978-0-07-79412, 978-0077431808
