Question: Compute the discounted payback statistic for Project C if the appropriate cost of capital is 9 percent and the maximum allowable discounted payback period is
Compute the discounted payback statistic for Project C if the appropriate cost of capital is 9 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: $ 1,200 $ 560 $ 540 $ 580 $ 340 $ 140
What is the discounted payback period in years?
Should the project be accepted or rejected?
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