Question: The cost data for project is given below: Year (Now): $100,000 Yeart: 10,000 Year 2: 12,000 and Year 3: 14,000 The benefits are quantified as

The cost data for project is given below: Year
The cost data for project is given below: Year (Now): $100,000 Yeart: 10,000 Year 2: 12,000 and Year 3: 14,000 The benefits are quantified as Year (Now). So Year 1:550,000 Year2: $60,000 and Year 3: 70,000 The discount rate is 1% Compute the payback period for this project (discounted payback) 2.34 years 1.5 years 3 years 3.4 years

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