Question: Consider the ffllowing fouryear project. The initial cost is $ 1 8 0 , 0 0 0 . The respective cash inflows for years 1

Consider the ffllowing fouryear project. The initial cost is $180,000. The respective cash inflows for years 1,2,3 and 4 are: $100,000, $50,000,$80,000 and $20,000. What is the discounted payback period if the discount rate is 11%?
A. About 2.427 years
B. About 2.000 years
C. About 1.667 years
D. About 2.256 years
Please i need an answer with calculations explanation thank you.

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