$6$

$1$ point

Kumail is considering a project with cash inflows of $$950$ per year for Years $1$ to $4,$ respectively. The project has a required discount rate of $11$ percent and an initial cost of $$2,100.$ What is the discounted payback period?

Less than $2$ years

Just after the end of the fourth year

After the end of the $2$nd year but before the end of the third year

Just after the end of the third year

Never