Multiple Choice
An investment project costs $10,200 and has annual cash flows of $6,500 for 3 years. If the discount rate is 13 percent, what is the discounted payback period?
A) 2.87 years
B) 1.87 years
C) 1.61 years
D) 2.61 years
E) Never
Correct Answer:
Verified
Correct Answer:
Verified
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