Question
Suppose a company had an initial investment of $50,000. The cash flow for the next five years are $16,000, $19,000, $17,000, $16,000, and $16,000, respectively.
Suppose a company had an initial investment of $50,000. The cash flow for the next five years are $16,000, $19,000, $17,000, $16,000, and $16,000, respectively. The interest rate is 6%. Enter your answer rounded to 2 DECIMAL PLACES.
What is the discounted payback period?
If the firm requires a discounted payback periods 3 years or less, will the project be accepted?
| Yes | No |
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Comparative Public Budgeting
Authors: George M Guess
2nd Edition
1316648109, 978-1316648100
