A company is considering a project for investment which will cost $70,000 now and another $10,000 in year five. The company has a cost of capital of 8%. The project has the following discounted cash flows:

Year	Discounted cash flows
	$
1	23,148
2	30,007
3	19,846
4	14,701

What is its discounted payback period in years and months (to the nearest month)?

Answer rating: 100% (QA)

Discounted Payback Period Calculation The discounted payback period is the time it takes for a proje... View the full answer