nando Designs is considering a project that has the following cash flow and cost of financing data. What is the project's discounted payback? Cost of financing: 10.00% Year 0 1 2 3 Cash flows -$900 $500 $500 $500 a. 1.88 years b. 2.09 years c. 2.29 years d. 2.52 years e. 2.78 years

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
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Chapter1: Investments: Background And Issues
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nando Designs is considering a project that has the
following cash flow and cost of financing data. What is the
project's
discounted
payback?
Cost of financing: 10.00%
Year
0
1
2
3
Cash flows
-$900
$500
$500
$500
a.
1.88 years
b.
2.09 years
c.
2.29 years
d.
2.52 years
e.
2.78 years
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