Question
Suppose a company had an initial investment of $45,000. The cash flow for the next five years are $17,000, $13,000, $14,000, $17,000, and $20,000, respectively.
Suppose a company had an initial investment of $45,000. The cash flow for the next five years are $17,000, $13,000, $14,000, $17,000, and $20,000, respectively. The interest rate is 10%.
What is the discounted payback period?
___________(Enter only whole numbers)
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Investments
Authors: William F. Sharpe, Gordon J. Alexander, Jeffery V. Bailey
6th Edition
8120321014, 978-8120321014
