A company is considering the purchase of a copier that costs $ 5000. Assume a cost of capital of 10 percent and the following cash flow schedule: Year 1: $ 3000 Year 2: $ 2000 Year 3: $ 2000 Determine the project’s payback period and discounted payback period. Payback Period Discounted Payback Period ()①A. 2.0 years 1.6 years②B. 2.4 years 2.4 years③C. 2.0 years 2.4 years
A. ①
B. ②
C. ③