Delta Enterprises, Inc. has a WACC of 8% and is considering a project that requires a cash outlay of $1,250 now with cash inflows of $500 at the end of each year for the next 5 years. What is the project’s Discounted Payback?  Enter your answer rounded to two decimal places.  For example, if your answer is 12.345 then enter as 12.35 in the answer box

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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Delta Enterprises, Inc. has a WACC of 8% and is considering a project that requires a cash outlay of $1,250 now with cash inflows of $500 at the end of each year for the next 5 years. What is the project’s Discounted Payback?  Enter your answer rounded to two decimal places.  For example, if your answer is 12.345 then enter as 12.35 in the answer box.
 
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