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Find the discounted payback period for the following project. The discount rate is 10% Project X Initial Outlay $8,845 Year...

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Finance

Find the discounted payback period for the following project.The discount rate is 10%

Project X
Initial Outlay$8,845
Year 1$3,480
Year 2$3,765
Year 3$5,094
Year 4$6,366

Round the answer to two decimal places.

Answer & Explanation Solved by verified expert
4.5 Ratings (798 Votes)
Present Value factor 1 1 r n Where r Discount rate 10 or 010 So PV Factor for year 2 will be 1 110 2 1 121 0826446 The following table    See Answer
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