Fernhurst, Sept/Dec 2016 (Duration)

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September 1, 2018 at 5:00 pm #470693
andrzejkrawczyk
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The examiner answer is that it takes 2.78 years to recover half the present value of the project.

Why does he say “half” instead of the PV?

Thank you for clarification.
September 2, 2018 at 10:23 am #470780
John Moffat
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It is only approximate, and is because we are taking the weighted average of the PV’s.
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