If a project costs ​$90,000 and is expected to return ​$24,500 ​annually, how long does it take to recover the initial​ investment? What would be the discounted payback period at i=14​%? Assume that...

If a project costs ​$90,000 and is expected to return ​$24,500 ​annually, how long does it take to recover the initial​ investment? What would be the discounted payback period at i=14​%? Assume that the cash flows occur continuously throughout the year. The payback period is___________years. ​(Round to one decimal​ place.)

Jun 09, 2022
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