An investment project has an initial cost of $382 and cash flows $105, $130, $150, and $150 for Years 1 to 4, respectively. The cost of capital is 9 percent. What is the discounted payback period?
A) 2.76 years
B) 3.57 years
C) 3.42 years
D) 3.68 years
E) 2.92 years
B) 3.57 years
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