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You are considering an investment with the following cash flows. Your required return is 8%, you require a payback of 3 years and a discounted

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You are considering an investment with the following cash flows. Your required return is 8%, you require a payback of 3 years and a discounted payback of 4 years. If your objective is to maximize your wealth, should you take this investment? Year Cash Flow -50,000 20,000 2 20,000 20,000 4 20,000 I -50,000 5 Select one: O a. Yes, because both the payback and the discounted payback are less than 2 years b. No, because the NPV is negative. O c Yes, because the payback is 2.5 years. Od No, because the project cash flows are not conventional

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