Practice Problem $9-4$

Compute the traditional payback period $($PB$)$ for a project that costs $$72,000$ if it is expected to generate $$18,000$ per year for six years? Round your answer to the neare whole number.

years

If the firm's required rate of return is $9$ percent, what is the project's discounted payback period $($DPB$)?$ Do not round intermediate calculations. Round your answer to tw decimal places.

$$ years

Should the project be purchased?

The project $$ be purchased.