A project costs $900 and has cash flows of $500 at the end of the first year, $600 at the end of the second year and $700 at the end of the third year. If the required return is 12%, in what year does the project pay back on a discounted basis?

Answer rating: 100% (QA)

To determine in which year the project pays back on a discounted basis we need to calculate the ... View the full answer