Multiple Choice
Yancy is considering a project which will produce cash inflows of $900 a year for 4 years. The project has a 9 % required rate of return and an initial cost of $2,800. What is the discounted payback period?
A) 3.11 years
B) 3.18 years
C) 3.82 years
D) 4.18 years
E) never
Correct Answer:
Verified
Correct Answer:
Verified
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