The American Pharmaceutical Company $($APC$)$ has a policy that all capital investments must have a five$-$year or less

discounted payback period in order to be considered for funding. The MARR at APC is $6\%$ per year. Is the above project able to

meet this benchmark for funding?

Click the icon to view the interest and annuity table for discrete compounding when the MARR is $6\%$ per year.