Suppose a company had an initial investment of $40,000. The cash flow for the next five years are $19,000,$19,000,$15,000,$19,000, and $16,000, "respectively. The interest rate is 11%. What is the discounted payback period? (Enter only whole numbers)
Suppose a company had an initial investment of $40,000. The cash flow for the next five years are $19,000,$19,000,$15,000,$19,000, and $16,000, "respectively. The interest rate is 11%. What is the discounted payback period? (Enter only whole numbers)
Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter19: The Basic Tools Of Finance
Section: Chapter Questions
Problem 1CQQ
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Suppose a company had an initial investment of $40,000. The cash flow for the next five years are $19,000,$19,000,$15,000,$19,000, and $16,000, "respectively. The interest rate is 11%. What is the discounted payback period? (Enter only whole numbers)
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