In: Finance
Find the discounted payback period for the following cash flows.
Year | Cash Flow |
0 | -450,000 |
1 | 135,000 |
2 | 155,000 |
3 | 165,000 |
4 | 200,000 |
Assume a discount rate of 9%.
Round your answer to two decimal places.
Use spreadsheet for the ease in computations. Enter values and formulas in the spreadsheet as shown in the image below.
The obtained result is provided below.