Peaceful Cruises wants to build a new cruise ship that has an initial investment of $250 million.

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Peaceful Cruises wants to build a new cruise ship that has an initial investment of $250 million. It is estimated to provide an annual cash flow over the next 10 years of $38 million per year. The discount rate is 7%.

What is the discounted payback period?

Related Book For answer-question

Principles of managerial finance

ISBN: 978-0132479547

12th edition

Authors: Lawrence J Gitman, Chad J Zutter

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Posted Date: Mar 11, 2023 02:23 AM

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Peaceful Cruises wants to build a new cruise ship that has an initial investment of $250 million.

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To calculate the discounted payback period we need to determine the number of years it takes for the ... View the full answer

Principles of managerial finance

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