Question: Question 8 5 pts You are assessing a project that has a required return of 8.50 percent. The project requires an initial cost of $12,000

Question 8 5 pts You are assessing a project that has

Question 8 5 pts You are assessing a project that has a required return of 8.50 percent. The project requires an initial cost of $12,000 and is expected to generate cash flows of $6,000, $5,000, and $3,500 for Years 1 to 3, respectively. What is the discounted payback period for this project? O 2.71 years O 2.81 years 0 2.29 years O Never

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