Shannon Co A) 161 Years
B) 1

Shannon Co. is considering a project that has the following cash flow and cost of capital (r) data. What is the project's discounted payback? $\begin{array} { l c c c c c } &r=10.00 \%\\\text { Year } &0& 1 & 2 & 3 & 4 \\\text { Cash flows } & - \$ 950 & \$ 525 & 485 & 445 & 405\end{array}$

A) 1.61 years
B) 1.79 years
C) 1.99 years
D) 2.22 years
E) 2.44 years

Correct Answer:

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