Question: Question 28 (3 points) Project X is expected to have an initial investment of $20M (at T = 0) and cash inflows of +$12M and
Question 28 (3 points) Project X is expected to have an initial investment of $20M (at T = 0) and cash inflows of +$12M and +$7M and +$8M at the end of the first three years. A 15% return is required on this project, giving us present value cash inflows of +$10.435M, +$5.293M, and +$5.26M for years one, two and three, respectively. Document how one should calculate the discounted payback period using some or all of the above numbers
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