A company is considering the following investment projects. If the projects are mutually exclusive, which project is the best according to Discounted Payback period method? Assume a discount rate of 10%.

Projects C0 C1 C2 C3 C4

A -10,000 6,000 2,000 2,000 1,000

B -10,000 2,000 2,000 6,000 1,000

C -3,000 +1,000 1,000 1,000 6,000

D -3,000 0 0 3,000 6,000

Select one:

a. A

b. A and B

c. B and C

d. C