Question: 5. Problem 11.05 (Discounted Payback) eBook Problem Walk-Through Project L requires an initial outlay at t = 0 of $45,000, its expected cash inflows are

5. Problem 11.05 (Discounted Payback) eBook Problem Walk-Through Project L requires an initial outlay at t = 0 of $45,000, its expected cash inflows are $11,000 per year for 9 years, and its WACC is 8%. What is the project's discounted payback? Do not round intermediate calculations. Round your answer to two decimal places. years
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
