Question: A project has an initial cost of $ 7 , 9 0 0 and cash inflows of $ 2 , 1 0 0 , $

A project has an initial cost of $7,900 and cash inflows of $2,100, $3,140, $3,800, and $4,500 a year over the next four years, respectively. Assume a discount rate of 10%. What is the discounted payback period?
Group of answer choices
3.56 years
3.18 years
2.86 years
4.52 years
2.94 years

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