A project has the following after-tax cashflows. The tax rate is 30% and the appropriate discount rate
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Question:
A project has the following after-tax cashflows.
The tax rate is 30% and the appropriate discount rate is 10%.
- Year 0: -2,000
- Year 1: 600
- Year 2: 600
- Year 3: 600
- Year 4: 600
- Year 5: 600
What is the project Payback Period?IMPORTANT.
Format your answer in years with two decimal places.
For example 2 and a half years would be 2.50, not 2 years 6 months.
Do not write in the word "Years".
Just write in a number with two decimal places
Related Book For
Foundations of Financial Management
ISBN: 978-1259194078
15th edition
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen
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