Using the information provided below and assuming the cash flows occur at a constant rate each year, calculate the discounted payback period for Project A.

cumntedulative

Undiscouted free Discounted Free Discounted Free

cash flow Cash flow at 15% Cash Flow

Inital Outlay

Cash flow year 1 (11,000) (11,000) (11,000)

cash flow year 2 9000 7826.09 (3173.91)

cash flow year 3 6000 4535.86 1362.95

cash flow year 4 1000 571.75 3907.25

A) 0.3 years

B) 1.7years

C) 2years

D)1.2 years