Which project(s) will be selected if the company uses the discounted payback period method in Practice Problem

Question:

Which project(s) will be selected if the company uses the discounted method in Practice Problem 32 and the is 12 percent?

Discount Rate
Depending upon the context, the discount rate has two different definitions and usages. First, the discount rate refers to the interest rate charged to the commercial banks and other financial institutions for the loans they take from the Federal... Payback Period
Payback period method is a traditional method/ approach of capital budgeting. It is the simple and widely used quantitative method of Investment evaluation. Payback period is typically used to evaluate projects or investments before undergoing them,...