Compute the traditional payback period (PB) for a project that costs $54,000 if it is expected to generate $18,000 per year for six years? Round your answer to the nearest whole number.
If the firm's required rate of return is 15 percent, what is the project's discounted payback period (DPB)? Do not round intermediate calculations. Round your answer to two decimal places.
Should the project be purchased?
