A project has an initial setup cost of $10,000 and is expected to deliver an annual cash flow of $2,200 for ten years. If the appropriate discount rate is 10%, find the discounted payback period. (Round your answer to the nearest whole number.) Multiple choice question. 8 years 9 years 5 years 6 years

Financial Accounting Intro Concepts Meth/Uses
14th Edition
ISBN:9781285595047
Author:Weil
Publisher:Weil
ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications
Section: Chapter Questions
Problem 23E
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A project has an initial setup cost of $10,000 and is expected to deliver an annual cash flow of $2,200 for ten years. If the appropriate discount rate is 10%, find the discounted payback period. (Round your answer to the nearest whole number.)

Multiple choice question.

8 years

9 years

5 years

6 years

 

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