Multiple Choice
An investment with an initial cost of $15,000 produces cash flows of $5,000 annually for 5 years.At a discount rate of 10 percent,what is the discounted payback period?
A) 3.00 years
B) 3.21 years
C) 3.75 years
D) 3.89 years
E) Never
Correct Answer:

Verified
Correct Answer:
Verified
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