You invest $12,650 in a project today. You expect to receive cash flows $3,200, $5,160, $4,288, $7,365 and $2,465 for years 1 to 5, respectively. If the required return is 12 percent. What is the discounted payback period?

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter10: Capital Budgeting: Decision Criteria And Real Option
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You invest $12,650 in a project today. You expect to receive cash flows $3,200, $5,160, $4,288, $7,365 and $2,465 for years 1 to 5, respectively. If the required return is 12 percent. What is the discounted payback period? 

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