Suppose a project has the following cashflows and the discount rate (required return) is 11%. t Cash flow

0 $ (30,000)

1 8,000

2 10,000

3 11,000

4 17,000

5 12,000

Question 24 options:

The project's discounted cashflow turns positive between year 3 and 4, to be precise it is 3.59

The project's discounted cashflow turns positive between year 4 and 5, to be precise it is 4.12

The project's discounted cashflow turns positive between year 3 and 4, to be precise it is 3.50

The project's discounted cashflow turns positive between year 4 and 5, to be precise it is 4.22