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Compute the discounted payback statistic for Project C if the appropriate cost of capital is 7 percent and the maximum allowable discounted payback period is three years. (Do not round intermediate calculations and round your final answer to 2 decimal places.) Project C Time: 0 1 2 3 Cash flow -$2,400 $1,040 $900 $940 Discounted payback period Should the project be accepted or rejected? Accepted O Rejected years 4 $580 5 $380

Compute the discounted payback statistic for Project C if the appropriate cost of capital is 7 percent and the maximum allowable discounted payback period is three years. (Do not round intermediate calculations and round your final answer to 2 decimal places.) Project C Time: 0 1 2 3 Cash flow -$2,400 $1,040 $900 $940 Discounted payback period Should the project be accepted or rejected? Accepted O Rejected years 4 $580 5 $380

FINANCIAL ACCOUNTING
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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Compute the discounted payback statistic for Project C if the appropriate cost of capital is 7 percent and the maximum allowable discounted payback period is three years. (Do not round intermediate calculations and round your final answer to 2 decimal places.) Project C Time: 0 1 2 3 Cash flow -$2,400 $1,040 $900 $940 Discounted payback period Should the project be accepted or rejected? Accepted O Rejected years 4 $580 5 $380
Transcribed Image Text:Compute the discounted payback statistic for Project C if the appropriate cost of capital is 7 percent and the maximum allowable discounted payback period is three years. (Do not round intermediate calculations and round your final answer to 2 decimal places.) Project C Time: 0 1 2 3 Cash flow -$2,400 $1,040 $900 $940 Discounted payback period Should the project be accepted or rejected? Accepted O Rejected years 4 $580 5 $380
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