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The Burb Corporation is evaluating the following project. The CFO has determined that the appropriate risk-adjusted discount rate is 9%. Calculate the discounted payback period
| The Burb Corporation is evaluating the following project. The CFO has determined that the appropriate risk-adjusted discount rate is 9%. Calculate the discounted payback period for the project. (Round to 3 decimals) | |||||||||
| Year | Cash Flow | ||||||||
| 0 | -30,000,000 | ||||||||
| 1 | 7,000,000 | ||||||||
| 2 | 7,000,000 | ||||||||
| 3 | 7,000,000 | ||||||||
| 4 | 7,000,000 | ||||||||
| 5 | 12,000,000 |
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Foundations Of Finance
Authors: Arthur Keown, John Martin, J. Petty
10th Edition
0136102654, 9780136102656
