A project has the following cash flows:.
Year Project Cash Flow
1 $-3,000
2 $ 1,000
3 $ 1,000
4 $ 1,000
Year Project Cash Flow
1 $-3,000
2 $ 1,000
3 $ 1,000
4 $ 1,000
Its cost of capital is 10 percent. What is the project’s discounted payback period?
Choices of answer:
Choices of answer:
3.00 years
3.30 years
3.52 years
3.75 years
4.75 years
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