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A project has an initial cost of $8,600 and produces cash inflows of $2,700, $5,100, and $1,600 over the next three years, respectively. What is
A project has an initial cost of $8,600 and produces cash inflows of $2,700, $5,100, and $1,600 over the next three years, respectively. What is the discounted payback period if the required rate of return is 7 percent?
A:2.29 years
B:2.50 years
C:never
D:2.91 years
E:2.15 years
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