16. The length of time it takes for an investment s discounted cash flows to equal its initial cost is known as the

A) internal rate of return. B) discounted payback period. C) payback period. D) net present value. E) profitability index.

17. The number of years it takes for an investment to recover its initial cost is known as the

A) internal rate of return. B) discounted payback period. C) net present value. D) profitability index. E) payback period.