You are planning to open a restaurant in Brickell. Following the initial investment of $903,356, the expected

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You are planning to open a restaurant in Brickell. Following the initial investment of $903,356, the expected cash flows over the next 4 years are as follows. What is the discounted payback period of this project?

Assume the discount rate is 3%

t	Cash Flows
1	$447,931
2	$390,335
3	$338,085
4	$409,960

*Round your answer to the nearest two decimals

Related Book For answer-question

Essentials of Marketing Research

ISBN: 978-0073404820

2nd edition

Authors: Joseph Hair, Mary Wolfinbarger, Robert Bush, David Ortinau

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Posted Date: Apr 18, 2024 01:26 AM

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You are planning to open a restaurant in Brickell. Following the initial investment of $903,356, the expected

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Essentials of Marketing Research

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