The Shipping Corporation has been presented with an investment opportunity which will yield cash flows...
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The Shipping Corporation has been presented with an investment opportunity which will yield cash flows of RM34,000 per year in Years 1 through 4, RM35,000 per year in Years 5 through 9, and RM45,000 in Year 10. This investment will cost the firm RM130,000 today, and the firm's cost of capital is 9.5 percent. Assume cash flows occur evenly during the year, 1/365th each day. What is the discounted payback period for this investment?
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