Suppose a company has proposed a new 4-year project. The project has an initial outlay of $62,000
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Suppose a company has proposed a new 4-year project. The project has an initial outlay of $62,000 and has expected cash flows of $19,000 in year 1, $25,000 in year 2, $28,000 in year 3, and $34,000 in year 4. The required rate of return is 12% for projects at this company. What is the discounted payback for this project? (Answer to the nearest tenth of a year, e.g. 3.2)
Related Book For
Principles Of Managerial Finance
ISBN: 978-0136119463
13th Edition
Authors: Lawrence J. Gitman, Chad J. Zutter
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