Question: The cost data for project X is given below: Year 0 (Now): $100,000 Year :10,000$ Year 2: 12,000$ and Year 3: 14,000$ : The benefits

 The cost data for project X is given below: Year 0

The cost data for project X is given below: Year 0 (Now): $100,000 Year :10,000$ Year 2: 12,000$ and Year 3: 14,000$ : The benefits are quantified as: Year 0 (Now): $0 Year 1: $50,000 Year 2: $60,000 and Year 3:70,000\$ The discount rate is 5%. Compute the payback period for this project (discounted payback). 2.38 years 228 years 2.17 years 1.79 years

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