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118. A 30 year project is estimated to cost $35 million dollars and provide annual cash flows of $5 per year in years 1-5; $4

118. A 30 year project is estimated to cost $35 million dollars and provide annual cash flows of $5 per year in years 1-5; $4 million per year in years 6-20 and $2 million per year in years 21-30. If the company's required rate of return is 10%, determine the discounted payback for the project.

A. 15.90 years

B. 13.90 years

C. 11.90 years

D. 9.90 years

E. 7.90 years

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