Multiple Choice
Rodriquez's Hot Rods is considering a new project with an initial cost of $54,780 and a discount rate of 14 percent.The project is expected to have cash inflows of $27,000 a year for 3 years.What is the discounted payback period?
A) 2) 17 years
B) 2) 11 years
C) 2) 62 years
D) 2) 57 years
E) Never
Correct Answer:
Verified
Correct Answer:
Verified
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