Discounted Payback Period Assignment | Homework For You

What is the discounted payback period on Versace’s proposed investment in a new line of fashion clothes? The expected cash flows appear below. Note that year 0 and year 1 cash flows are negative. (Answer in years; round to 2 decimals) Year 0 cash flow = -90,000 Year 1 cash flow = -29,000 Year 2 cash flow = 39,000 Year 3 cash flow = 53,000 Year 4 cash flow = 46,000 Year 5 cash flow = 53,000 Year 6 cash flow = 54,000 Required rate of return = 17.00%. Get Finance homework help today