Question: The information below describes a project with an initial cash outlay of $7,000 and a required return of 12%. Year ; After-tax cash inflow Year

The information below describes a project with an initial cash outlay of $7,000 and a required return of 12%. Year ; After-tax cash inflow Year 1 ; $6,000 Year 2 ; $2,000 Year 3 ; $2,000 Year 4 ; $2,000

The discounted payback period of the project is:

2.78 years

2.57 years

2.15 years

none of the proposed answers

2.03 years

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