Determine project-s discounted payback period


Roswell Energy Company is installing novel equipment at the cost of $10 million. Expected cash flows from the project over next 5 years will be $1,045,000, $2,550,000, $4,125,000, $6,326,750, and $7,000,000. Company's discount rate for such projects is 14%. Determine project's discounted payback period?

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Mathematics: Determine project-s discounted payback period
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