Question: MK Company is considering a new project with an initial cost of $50,000 and a discount rate of 6 percent. The project is expected to

MK Company is considering a new project with an initial cost of $50,000 and a discount rate of 6 percent. The project is expected to have cash inflows of $15,000 in Year 1, $20,000 in Year 2, $30,000 in Year 3, and $35,000 in Year 4. What is the discounted payback period?

A2.72 years B2.81 years C2.94 years D2.63 years E3.07 years

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