In: Finance
Using a 7% annual cost of capital, what is the discounted payback period in years (round to 2 decimal places) of the potential project below?
Year Cash Flow
0 -$5,000
1 $1,609
2 $1,693
3 $1,558
4 $1,545
5 $1,582
Please include the steps to plug into a financial calculator, thank you
The following are the data inputs in spreadsheet:
The following are the obtained results in spreadsheet: