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Motor Sales is considering a project that costs $37,900 will produce cash inflows of $25,500 a year for 4 years. The project has a required
Motor Sales is considering a project that costs $37,900 will produce cash inflows of $25,500 a year for 4 years. The project has a required rate of return of 10 percent. What is the discounted payback period?
A. | 1.49 years | |
B. | 1.58 years | |
C. | 2.36 years | |
D. | 1.70 years |
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