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Lloyd Enterprises has a project which has the following cash flows: Year Cash Flow 0 -$200,000 1 50,000 2 100,000 3 150,000 4 40,000 5

Lloyd Enterprises has a project which has the following cash flows:

Year Cash Flow

0 -$200,000 1 50,000 2 100,000 3 150,000 4 40,000 5 25,000

The cost of capital is 10 percent. What is the project's discounted payback?

A. Sometime in the first year
B. Sometime in the second year
C. Sometime in the third year
D. Sometime in the fourth year
E. Sometime in the fifth year

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