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Pawnee Parks and Recreation Department is considering a project with the following expected cash flows: Year Projected Cash Flow 0 -$700 million 1 $200 million

Pawnee Parks and Recreation Department is considering a project with the following expected cash flows:

Year

Projected Cash Flow

0

-$700 million

1

$200 million

2

$370 million

3

$225 million

4

$700 million

The projects WACC is 10%. What is the projects discounted payback?

A) 3.15 years

B) 3.09 years

C) 4.09 years

D) 2.58 years

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