Discounted payback period for liskls comedy club

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Reference no: EM131512287

Lew Iss See Kay LLP (LISKL) is currently evaluating an investment in a new comedy club. The club is expected to last for 4 years and generate a CF1 = $11,000, CF2 = $9,680, CF3 = $10,648, and CF4 = $45,454. The initial outlay is $20,000. Using a required return of 10%, calculate the discounted payback period for LISKL’s comedy club.

Reference no: EM131512287

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