Question 21

The information below describes a project with an initial cash outlay of $7,000 and a required return of 12%.
Year ; After-tax cash inflow
Year 1 ; $6,000
Year 2 ; $2,000
Year 3 ; $2,000
Year 4 ; $2,000


The discounted payback period of the project is:

		none of the proposed answers
		2.15 years
		2.03 years
		2.57 years
		2.78 years