You are considering a project that requires an initial investment of $120,000 with a cost of capital of 9%. You expect the project to have a five-year life, and produce cash flows of $18,000 in year 1, $44,000 in year 2, $63,000 in year 3, $29,000 in year 4 and $12,000 in year 5. What is this project's Discounted Payback Period? 3.87 years 3.96 years 3.28 years 3.91years

You are considering a project that requires an initial investment of $120,000 with a cost of capital of 9%. You expect the project to have a five-year life, and produce cash flows of $18,000 in year 1 , $44,000 in year 2,$63,000 in year 3,$29,000 in year 4 and $12,000 in year 5 What is this project's Discounted Payback Period? 3.87 years 3.96 years 3.28 years 3.91 years