Find out the project discounted payback


Problem:

Project K costs $55,000, its expected cash inflows are $13,000 per year for 8 years, and its WACC is 7%.

Required:

Question: What is the project's discounted payback?

Note: Please explain comprehensively and give step by step solution.

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Accounting Basics: Find out the project discounted payback
Reference No:- TGS0892079

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