Compute the discounted payback statistic for Project C if the
appropriate cost of capital is 7 percent and the maximum allowable
discounted payback period is three years. (Do not round
intermediate calculations and round your final answer to 2 decimal
places.)
Project C | ||||||
Time: | 0 | 1 | 2 | 3 | 4 | 5 |
Cash flow: | −$1,400 | $640 | $600 | $640 | $380 | $180 |
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