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(Choose1answer)
(20761) Discounted payback: Roswell Energy Company is installing new equipment at a cost of $10million. Expected cash flows from this project over the next five years will be $1,045,000, $2,550,000,$4,125,000, $6,326,750, and $7,000,000. The company's discount rate for such projects is 14 percent. What is the project's discounted payback period?
A. 4.2 years
B. 4.4 years
C. 4.8 years
D. 5.0 years
