Multiple Choice
Homer is considering a project with cash inflows of $950 a year for Years 1 to 4,respectively.The project has a required discount rate of 11 percent and an initial cost of $2,100.What is the discounted payback period?
A) 3.05 years
B) 2.68 years
C) 3.39 years
D) 2.21 years
E) Never
Correct Answer:
Verified
Correct Answer:
Verified
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