Question 4)	Discounted Payback Period - A project has an initial cost of $175,000 and expected cash inflows of $95,000, $35,000, $55,000 and $65,000 over Years 1 to 4, respectively. What is the Discouted Payback Period of the Projec if the Required Rate of Return is 15 percent?
(4 Points)
Required Rate of Return	15%
Year	Cash Flows	PV of CashFlows		Value to Recover
0	$ (175,000.00)
1	$ 95,000.00	-$152,173.91
2	$ 35,000.00	$71,833.65
3	$ 55,000.00	$23,013.07
4	$ 65,000.00	$31,446.43
Payback Period	3.31