Financial Management$-$Final Exam

$20-$ An investment project has annual cash inflows of $15,500,30,900,43,500,$ and $50,000,$ and a discount rate of $14$ percent. What is the discounted payback period for these cash flows if the initial cost is $81,000?$

a$)3\mathrm{.}08$ years

b$)3\mathrm{.}48$ years

c$)3\mathrm{.}23$ years

d$)3$ years

e$)3\mathrm{.}14$ years

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