Suppose a company had an initial investment of $40,000. The cash flow for the next five years are $19,000,$19,000,$15,000,$19,000, and $16,000, "respectively. The interest rate is 11%. What is the discounted payback period? (Enter only whole numbers)
Suppose a company had an initial investment of $40,000. The cash flow for the next five years are $19,000,$19,000,$15,000,$19,000, and $16,000, "respectively. The interest rate is 11%. What is the discounted payback period? (Enter only whole numbers)
Managerial Economics: A Problem Solving Approach
5th Edition
ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Chapter5: Investment Decisions: Look Ahead And Reason Back
Section: Chapter Questions
Problem 5.2IP
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Suppose a company had an initial investment of $40,000. The cash flow for the next five years are $19,000,$19,000,$15,000,$19,000, and $16,000, "respectively. The interest rate is 11%. What is the discounted payback period? (Enter only whole numbers)
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