Question
You are planning to open a restaurant in Brickell. Following the initial investment of $903,356, the expected cash flows over the next 4 years are
You are planning to open a restaurant in Brickell. Following the initial investment of $903,356, the expected cash flows over the next 4 years are as follows. What is the discounted payback period of this project?
Assume the discount rate is 3%
| t | Cash Flows |
| 1 | $447,931 |
| 2 | $390,335 |
| 3 | $338,085 |
| 4 | $409,960 |
*Round your answer to the nearest two decimals
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Essentials of Marketing Research
Authors: Joseph Hair, Mary Wolfinbarger, Robert Bush, David Ortinau
2nd edition
73404829, 978-0073404820
