Question: 20 POINTS Assume you are evaluating a project that will cost $225,000 and will provide the following annual cash flows: YEAR CASH FLOWS 1 $60,000

 20 POINTS Assume you are evaluating a project that will cost

20 POINTS Assume you are evaluating a project that will cost $225,000 and will provide the following annual cash flows: YEAR CASH FLOWS 1 $60,000 2 2 $70,000 3 $80,000 4 $90,000 5 $100,000 If the appropriate discount rate is 10%, what is the discounted payback period? a. 2.86 years O b. 3.35 years O c. 3.50 years O d. 3.86 years O e. 4.2 years Of. 3.10 years O g. 3.17 years Oh. 4.86 years

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