Compute the discounted payback period for a project with the following cash flows received uniformly within each year and with a required return of 8%:
Initial Outlay = $100
Cash Flows: Year 1 = $40
Year 2 = $50
Year 3 = $60
A) 2.10 years
B) 2.21 years
C) 2.33 years
D) 3.00 years
Correct Answer:
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