Multiple Choice
An investment project costs $21,500 and has annual cash flows of $6,500 for 6 years.If the discount rate is 15 percent,what is the discounted payback period?
A) 4.41 years
B) 4.91 years
C) 5.12 years
D) 5.40 years
E) never
Correct Answer:
Verified
Correct Answer:
Verified
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