What is the project discounted payback period

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Cricket World Cup (CWC) is considering a project proposal which requires an initial investment of $72,625 and it is expected to have net cash flows of $15,000 per year for 8 years. The firm cash flows are discounted at a rate of 12 percent.

Question 1: What is the project's Net Present Value (NPV)? (Rounded to 2 decimal places, do not include the dollar sign)

Question 2: What is the project's discounted payback period? (Rounded to 2 decimal places)

Reference no: EM132886184

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