Shannon Co. is considering a project that has the following cash flow and cost of capital (r) data. What is the project's discounted payback?
r = 10.00%    Year0
1
2
3
4
Cash flows?$950
$525
$485
$445
$405

A. 1.61 years
B. 1.79 years
C. 1.99 years
D. 2.22 years
E. 2.44 years


Answer: D

Business

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