What is the discounted payback period for these cash flows

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An investment project has annual cash inflows of $6,500, $7,600, $8,400, and $9,700, and a discount rate of 10 percent.

Required:

What is the discounted payback period for these cash flows if the initial cost is $9,500? (Do not round your intermediate calculations.)

a) 1.07 years

b) 0.57 years

c) 3.14 years

d) 2.32 years

e) 1.57 years

Reference no: EM131893711

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