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The management team is considering two hotel projects. Project A will be in Jamaica with an initial investment of $ 9 8 5 , 0

The management team is considering two hotel projects. Project A will be in Jamaica with an initial investment of $985,000 and Project B will be in Canada with an initial investment of $850,000.
Years Project A Project B
1 $350,000.00 $457,000.00
2 $575,000.00 $500,000.00
3($53,000.00)($100,000.00)
4 $880,000.00 $780,000.00
The cost of capital for Project A is 15% and the cost of capital for project B is 13%. Calculate the Discounted Payback Period for Project A

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