Question $2(1$ point$)$

MARR $=10\%.$ You are considering an investment with a first cost of $$17,000$ and revenues that are expected to begin in the second year at $$1000,$ $$2000$ in the third year, $$3000$ in the fourth year, and continuing to increase by $$1000$ a year indefinitely. Revenues come in the form of end$-$of period payments, Find the discounted payback period.

$7$ years

$8$ years

$9$ years

$10$ years

More than $10$ years