Probleman investment project costs 21500 and has annual, Ask an Expert

Accounting

Problem:

An investment project costs $21,500 and has annual cash flows of $6,500 for 6 years.

Requirement:

Question: If the discount rate is 15 percent, what is the discounted payback period?

a. 4.41 years

b. 4.91 years

c. 5.12 years

d. 5.40 years

e. never

Note: Please show guided help with steps and answer.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91173028

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