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1. A project has the following cash flows. Find the payback period. Type in your

ID: 2623280 • Letter: 1

Question

1. A project has the following cash flows. Find the payback period. Type in your answer as a number only, and round to the nearest hundredth. For example, if the answer is 10.789 years, type 10.79.

2. A project has the following cash flows. Risk-adjusted WACC is 10%. Find the discountedpayback period. Type in your answer as a number only, and round to the nearest hundredth. For example, if the answer is 10.789 years, type 10.79.

3. A project has the following cash flows. This project is of average risk and the WACC is 11.9%. Find the NPV. Round your answer to the nearest cent.

4. A project has the following cash flows. This project is of average risk and the WACC is 10%. Find the IRR. Input your answer as a decimal rounded to four places. For example, 20.75% should be input as 0.2075.

5. A project has the following cash flows. This project is of average risk and the WACC is 14.3%. Find the NPV. Round your answer to two decimal places.

Year 0 Year 1 Year 2 Year 3 Cash Flow -$100 $50 $40 $30

Explanation / Answer

1. . Payback period = 2+ (100-50-40)/30= 2.33 years

2. Present value of 1 year cash flow = 50/1.1 =45.45

Present value of 2 year cash flow = 40/1.1 =36.36

discountedpayback period = 2+ (100-45.45-36.36)/(30/1.1^3)= 2.81 years

3.

NPV =-94 + 50/(1+11.9%) + 40/(1+11.9%)^2 + 78/(1+11.9%)^3= $38.30

4.

Let IRR be r. For IRR, NPV =0

-100 + 50/(1+IRR) +40/(1+IRR)^2 + 30/(1+IRR)^3=0

IRR = 0.1065

5.

NPV = -82 + 50/(1+14.3%) +  40/(1+14.3%)^2 +  20/(1+14.3%)^3= 5.76