Question: Can someone please assist with this problem. Explain in details how to calculate. I'm not sure how to the calculate the cumulative cash flow etc.

Can someone please assist with this problem. Explain in details how to calculate. I'm not sure how to the calculate the cumulative cash flow etc.

Craig's Car Wash Inc. is considering a project that has the following cash flow and cost of capital (r) data.

What is the project's discounted payback?

rate 10.00%
year 0 1 2 3
cash flows -900 500 500 500

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