Question

In: Accounting

"Consider the investment project below, which has a four-year investment life (n = 0 through 4)....

"Consider the investment project below, which has a four-year investment life (n = 0 through 4).
Project ($)
-3,300
-1,000
2,000
2,800
2,000
What is the discounted payback period at an interest rate of 16.7%? Enter your answer as an integer. If the project never pays itself back, enter a 0."

Solutions

Expert Solution

Answer is 5 years


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