Multiple Choice
Scott is considering a project that will produce cash inflows of $2,900 a year for 3 years. The required rate of return is 15.4 percent and the initial cost is $6,800. What is the discounted payback period?
A) Never
B) .91 years
C) .26 years
D) 1.28 years
E) 1.39 years
Correct Answer:
Verified
Correct Answer:
Verified
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