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.
What is the projects Net Present Value (NPV)? (Rounded to 2 decimal places, do not include the dollar sign)
What is the projects discounted payback period? (Rounded to 2 decimal places)
