Question: Problem 11-5 Discounted payback Project L costs $55,000, its expected cash inflows are $13,000 per year for 8 years, and its WACC is 7%. What
Problem 11-5 Discounted payback
Project L costs $55,000, its expected cash inflows are $13,000 per year for 8 years, and its WACC is 7%. What is the project's discounted payback? Round your answer to two decimal places.
years
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
