A project has an initial cash outflow of $1,190 and cash inflows of $335 per year for 4 years. What is the discounted payback period at a discount rate of 9.5 percent?

a . 3.58 years

b . 3.89 years

c . never

d . 2.96 years

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QUESTION 7 A project has an initial cash outflow of $1,190 and cash inflows of $335 per year for 4 years. What is the discounted payback period at a discount rate of 9.5 percent? 3.58 years 3.89 years Never 2.96 years