QUESTION 9- Both questions are multiple choice

What is theDiscountedPayback Periodfor the following set of cash flows?(Assume k = 10%)

Initial Investment (I) = $900

CF₁= $330

CF₂= $363

CF₃= $399.30

CF₄= $439.23

(A)4Years

(B)3 Years

(C)2.52 Years

(D)3,5 Years

Question 10

Given the following set of cash flows, for a capital budgeting project, what is theNet Present Valuewhenk = 10%?

Initial Investment (I) = $20,000

CF₁= $5,500

CF₂= $6,125

CF₃= $8,625

CF₄= $6,750

A. $0.00

B. $3,797.49

C. $27,000

D. $1,152.41