Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Question

Project L requires an initial outlay at t = 0 of $47,000, its expected cash inflows are $11,000 per year for 8 years, and its WACC is 14%. What is the project's payback? Round your answer to two decimal places.

  years

 

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