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Scott is considering a project that will produce cash inflows of $2,000 a year for 4 years. The project has a 12 percent required rate

Scott is considering a project that will produce cash inflows of $2,000 a year for 4 years. The project has a 12 percent required rate of return and an initial cost of $5,000. What is the discounted payback period?

A.

3.72 years

B.

3.15 years

C.

3.02 years

D.

3.31 years

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