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| Teaching Since: | May 2017 |
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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
ABC clothing company is considering opening three retail stores in Manchester. It requires a £600,000 initial investment and expects to make £120,000 per year in the first four years and £240,000 every year for the following three years.
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Complete the following:
If the discount rate is 8%, what is the discounted payback period?
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