( Discounted payback period ) Sheinhardt Wig Company is considering a project that has the following cashflows:...
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Question:
(Discounted payback period) Sheinhardt Wig Company is considering a project that has the following cashflows:
YEAR PROJECT CASH FLOW
0 -60,000
1 20,000
2 50,000
3 65,000
4 55,000
5 40,000
If theproject's appropriate discount rate is 9 percent, what is theproject's discounted paybackperiod?
Theproject's discounted payback period is ........ years. (Round to two decimalplaces.)
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