Question: Evaluate the project with stated cash flows, the required rate of return on projects of this risk class is 11 percent. Time 0 1 2

Evaluate the project with stated cash flows, the required rate of return on projects of this risk class is 11 percent. Time 0 1 2 3 4 5 Cash Flow -$43,750 -$16,450 $23,500 $10,250 $30,500 $20,300 What is the Discounted Pay Back of this project? (Give your answer in 2 decimal places, years' is not required in your answer, e.g. Answer '2.53' for 2.53 years. )
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