Compute the discounted payback period for a project with a $100 initial cost and the following cash flows received: year 1the project will have $40 cash flow, year 2 they received $50, and in year 3 they received $60. The required return is 8%.

Group of answer choices

2.10 years

2.21 years

2.42 years

3.00 years

2. DYI Construction Co. is considering a new inventory system that will cost $750,000. The system is expected to generate positive cash flows over the next four years in the amounts of $350,000 in year one, $325,000 in year two, $150,000 in year three, and $180,000 in year four. DYI's required rate of return is 8%. What is the payback period of this project?

Group of answer choices

4.00 years

3.09 years

2.91 years

2.50 years

3.DYI Construction Co. is considering a new inventory system that will cost $750,000. The system is expected to generate positive cash flows over the next four years in the amounts of $350,000 in year one, $325,000 in year two, $150,000 in year three, and $180,000 in year four. DYI's required rate of return is 8%. What is the modified internal rate of return of this project?

Group of answer choices

10.87%

11.57%

13.68%

15.13%