What is the discounted pay back period for project

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Given the following information and assuming straight line depreciation to zero. What is the discounted pay back period for this project? initial investment= 500000; life =5 years; cost savings= 160000 per year; salvage= 30000 in 5 years; tax rate= 34 percent' discount rate= 13 percent. Show work!

Reference no: EM131341424

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