A project has an initial cost of $100,000, and cash inflows of $40,000, $30,000, $20,000, $15,000, $10,000, and $10,000 at the end of each of the next 6 years. What is the approximate discounted payback period for this project if the required rate of return is 8%? a. 5 years and 1 month b. 5 years and 3 months c. 5 years and 5 months d. 5 years and 7 months e. 5 years and 9 months

A project has an initial cost of $100,000, and cash inflows of $40,000, $30,000, $20,000, $15,000, $10,000, and $10,000 at the end of each of the next 6 years. What is the approximate discounted payback period for this project if the required rate of return is 8%? a. 5 years and 1 month b. 5 years and 3 months c. 5 years and 5 months d. 5 years and 7 months e. 5 years and 9 months

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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