1. You are analyzing a project with the following cash flows:

Year 0: -350,000

Year 1: + 120,000

Year 2: + 85,000

Year 3: +96,000

Year 4: +270,000

What is the Discounted Payback for this project, using a 15% discount rate?

Multiple Choice

• The Project has a payback of 3.95 years

• The Project has a payback of 3.67 years

• The Project has a payback of 4.10 years

• The Project has a payback of 3.77 years