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An investment project has annual cash inflows of $5,000, $6,100, $6,900 for the next four years, respectively, and $8,200, and a discount rate of 17

An investment project has annual cash inflows of $5,000, $6,100, $6,900 for the next four years, respectively, and $8,200, and a discount rate of 17 percent. What is the discounted payback period for these cash flows if the initial cost is $8,000? Multiple Choice 0.84 years 3.68 years 1.34 years 1.84 years 2.59 years

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