Multiple Choice
A project has an initial cost of $8,600 and produces cash inflows of $3,200,$4,900,and $1,500 over the next three years,respectively. What is the discounted payback period if the required rate of return is 8%?
A) 2.05 years
B) 2.13 years
C) 2.33 years
D) 3.00 years
E) never
Correct Answer:
Verified
Correct Answer:
Verified
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