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A project has the following cash flows: Project Year Cash Flows 0 -$5,613.00 1 $2,171.00 2 $2,171.00 3 $2,171.00 4 $2,171.00 Its cost of capital

A project has the following cash flows: Project Year Cash Flows

0 -$5,613.00 1 $2,171.00 2 $2,171.00 3 $2,171.00 4 $2,171.00 Its cost of capital is 10.6 percent.

What is the projects discounted payback period?

Group of answer choices 3.39 years 3.79 years 3.19 years 2.99 years 3.59 years

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