You will use the information for two questions, save your work.

A firm is evaluating a project which will cost $10,269 today and provide cash flows in years 1, 2, and 3 of $7,560, $3,286, $3,268 and, respectively. The firms discount rate is 8%? (Assume CFs are received at the end of each year). What is the discounted payback period?

Select one:

a. It is impossible to determine with the information provided

b. The machine is not paid back

c. 1 year

d. 3 years

e. 2 years

15.