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A project has an initial cost of $8,500 and produces cash inflows of $2,800,$4,900, and $1,500 over the next three years, respectively. What is the

image text in transcribed A project has an initial cost of $8,500 and produces cash inflows of $2,800,$4,900, and $1,500 over the next three years, respectively. What is the discounted payback period if the required rate of return is 7 percent? Multiple Choice never 2.14 years 2.31 years 2.53 years 2.92 years

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