What is the discounted payback period of a project whose NPV is positive?

Question

Quizplus · Accepted Answer

The discounted payback period is the time it takes for the cumulative discounted cash flows to equal the initial investment. If the NPV is positive, it means the project is expected to generate more cash inflows than outflows. Therefore, the discounted payback period will be less than the project lifetime because the project is generating positive cash flows earlier than the end of the project lifetime.

What Is the Discounted Payback Period of a Project Whose