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Mathematics, 04.12.2020 14:00 tahlialafaye

McAllister Products' financial management reviews a new project, whose annual cash flows are shown in the table below. The same management estimated 10% a. a. the company's cost of capital. Year Cash Flow 0 $(20,000.00) 1 $ 2,000.00 2 $ 4,000.00 3 $ 7,000.00 4 $ 9,000.00 5 $ 11,000.00 6 $ 6,000.00 7 $ 4,000.00 The company's financial management has been changed and the new management re-estimated the company's cost of capital to 14% per annum. Determine the company's new discounted Payback (in years).

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