Question: Compute the discounted payback statistic for Project C if the appropriate cost of capital is 7 percent and the maximum allowable discounted payback period is
Compute the discounted payback statistic for Project C if the appropriate cost of capital is 7 percent and the maximum allowable discounted payback period is three years.
Note: Do not round intermediate calculations and round your final answer to 2 decimal places.
Project C
| Time: | 0 | 1 | 2 | 3 | 4 | 5 |
|---|---|---|---|---|---|---|
| Cash flow: | $ 2,300 | $ 1,000 | $ 870 | $ 910 | $ 560 | $ 360 |
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