Question
Suppose a company had an initial investment of $50,000. The cash flow for the next five years are $14,000, $18,000, $18,000, $14,000, and $20,000, respectively.
Suppose a company had an initial investment of $50,000. The cash flow for the next five years are $14,000, $18,000, $18,000, $14,000, and $20,000, respectively. The interest rate is 8%.
What is the discounted payback period?(Enter only whole numbers)
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Fundamentals Of Financial Management
Authors: Richard Bulliet, Eugene F Brigham, Brigham/ Houston
11th Edition
1111795207, 9781111795207
