Multiple Choice
Annmarie is considering a project which will produce cash inflows of $1,200 a year for 6 years. The project has a 15 percent required rate of return and an initial cost of $3,400. What is the discounted
Payback period?
A) 2.83 years
B) 2.92 years
C) 3.96 years
D) 3.99 years
E) 4.13 years
Correct Answer:
Verified
Correct Answer:
Verified
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