An analyst identifies the following cash flows for an average-risk project: Year 0 -$5,000 Year 1-2 $1,900 Year 3 $2,500 Year 4 $2,000

22. If the companys cost of capital is 12%, the projects discounted payback period is closest to: *

A. 2.5 years

B. 3.0 years

C. 3.9 years

D. None of the above

23. If the companys cost of capital is 12%, the projects Modified Internal Rate of Return is closest to: *

A. 14.48%

B. 18.00%

C. 12.48%

D. 18.48%

E. None of the above