Project KJK Holdings

Year 0, Costs 120,000, Discount Factor: 1, Benefits: 0

Year 1, Costs 50,000, Discount Factor: 0.95, Benefits: 120,000

Year 2, Costs 30,000, Discount Factor: 0.84, Benefits: 150,000

Year 3, Costs 20,000, Discount Factor: 0.82, Benefits: 250,000

The KJK project payback for Year 1 is.?

Select one:

a. RM -120,000

b. RM 47,900

c. RM -53,500

d. RM 229,000