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A project has the following cash flows: Project Year Cash Flows -$5,987.00 1 $2,456.00 2 $2,456.00 3 $2,456.00 4 $2,456.00 Its cost of capital is
A project has the following cash flows: Project Year Cash Flows -$5,987.00 1 $2,456.00 2 $2,456.00 3 $2,456.00 4 $2,456.00 Its cost of capital is 10 percent. What is the project's discounted payback period? O 3.23 years O 2.63 years 2.33 years 3.53 years O 2.93 years
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