In: Finance
Project L costs $70,000, its expected cash inflows are $16,000 per year for 8 years, and its WACC is 13%. What is the project's discounted payback? Do not round intermediate calculations. Round your answer to two decimal places.
Solution :
The discounted payback period of Project L is = 6.89 years
Please find the attached screenshot of the excel sheet containing the detailed calculation for the solution.