Multiple Choice
Homer is considering a project which will produce cash inflows of $950 a year for 4 years. The project has a 9% required rate of return and an initial cost of $2,900. What is the discounted payback period?
A) 3.05 years
B) 3.74 years
C) 3.81 years
D) 3.92 years
E) never
Correct Answer:
Verified
Correct Answer:
Verified
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