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Project L costs $55,000, its expected cash inflows are $13,000 per year for 8 years, and...

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Finance

Project L costs $55,000, its expected cash inflows are $13,000per year for 8 years, and its WACC is 7%. What is the project'sdiscounted payback? Do not round intermediate calculations. Roundyour answer to two decimal places.

Answer & Explanation Solved by verified expert
4.0 Ratings (579 Votes)
Present value of year 1 cash flow 13000 1 007 121495327 Present value of year 2 cash flow 13000 1 0072 113547035 Present value of year 3 cash flow 13000 1 0073 106118724    See Answer
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Project L costs $55,000, its expected cash inflows are $13,000per year for 8 years, and its WACC is 7%. What is the project'sdiscounted payback? Do not round intermediate calculations. Roundyour answer to two decimal places.

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