I know the answer but what I don't know is how to work it. Can you please show me how to work this problem step by step. NOT IN EXCEL. We can not use excel.

We use a BA II Plus.

What equation do you use? Please help.

Compute the discounted payback period for a project with the following cash flows received uniformly within each year and with a required return of 8%

Initial Outlay = $100

Cash Flows: Year 1 = $40

Year 2 = $50

Year 3 = $60

Selected Answer:	2.42 years
Answers:	2.10 years
	2.21 years
	2.42 years
	3.00 years