Question: Back to Assignment Attempts Keep the Highest/1 10. Problem 10-06 (Discounted Payback) eBook Discounted Payback A project has an initial cost of $60,000, expected net
Back to Assignment Attempts Keep the Highest/1 10. Problem 10-06 (Discounted Payback) eBook Discounted Payback A project has an initial cost of $60,000, expected net cash inflows of $14,000 per year for 7 years, and a cost of capital of 13%. What is the project's discounted payback period? (Hint: Begin by constructing a timeline.) Do not round intermediate calculations, Round your answer to two decimal places, years Grade It Now Save & Continue Continue without saving
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