A project has an initial cost of $35,000, expected net cash inflows of $8,000 per year for 7 years, and a cost of capita
Posted: Fri Jul 01, 2022 7:46 am
A project has an initial cost of $35,000, expected net cashinflows of $8,000 per year for 7 years, and a cost of capital of11%. What is the project's discounted payback period?(Hint: Begin by constructing a time line.) Do notround intermediate calculations. Round your answer to two decimalplaces.