6A (Payback period and Discounted Payback period)

6A (Payback period and Discounted Payback period)

Question 4

Find the Discounted Payback period for the following project. The Discount rate is 9%

                                                       Project X

Intial Outlay                       $17,208

Year 1                                $5,359

Year 2                                 $5,543

Year 3                                 $5,547

Year 4                                 $8,423

Round the answer to two decimal places