Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. project l costs $55,000, its expected cash inflows

Project L costs $55,000, its expected cash inflows are $13,000 per year for 8 years, and...

60.1K

Verified Solution

Question

Finance

Project L costs $55,000, its expected cash inflows are $13,000per year for 8 years, and its WACC is 7%. What is the project'sdiscounted payback? Do not round intermediate calculations. Roundyour answer to two decimal places.

Answer & Explanation Solved by verified expert
4.0 Ratings (579 Votes)
Present value of year 1 cash flow 13000 1 007 121495327 Present value of year 2 cash flow 13000 1 0072 113547035 Present value of year 3 cash flow 13000 1 0073 106118724    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Transcribed Image Text

Project L costs $55,000, its expected cash inflows are $13,000per year for 8 years, and its WACC is 7%. What is the project'sdiscounted payback? Do not round intermediate calculations. Roundyour answer to two decimal places.

Other questions asked by students

Algebra
1.2K views

Karen plans to join a gym but wants to compare rates. She finds State Gym...

Chemistry
1.2K views

Describe the Bohr model of the hydrogen atom, and explain how Planck's quantum theory contributed to it

Electrical Engineering
1.2K views

explain the operation of brushed and brush less dc motors compare their performance.

Electrical Engineering
1.2K views

the filament of an incandescent lamp sits between two

General Management
1.2K views

Case M23 -- Excellence in Corporate Training EXCEL Learning, Inc. was founded in 1988 by Dan Robinson,...

Physics
1.2K views

In the given figure the capacitance of each capacitor is C then the effective capacitance...

Basic Math
1.2K views

Write the sum as a product:.sin(20.1s) - sin(11.1s)

Calculus
1.2K views

Deandre lilled his gos tank three times last week Here are the amounts of gas...

Algebra
1.2K views

For the equation what is the slope y 4 x 4 Points

Accounting
1.2K views

The purpose of reversing entries is to A Correct mistakes from previous journal entries. B...

Accounting
1.2K views

On January 1, 2021, Ackerman Company acquires 80% of Seidel Company for $1,934,560 in cash...

Accounting
1.2K views

Date Account Titles and Explanation Debit Credit Common Stock Paid-in Capital in Extess of Stated...