Multiple Choice
Clinton is considering a project that costs $3,200 will produce cash inflows of $980 a year for 4 years.The project has a required rate of return of 8.75 percent.What is the discounted payback period?
A) 3.01 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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