Problem:
An investment project has the cash flow stream of $-3250, $80, $200, $75, and $90. The cost of capital is 12%.
Required:
Question: What is the discounted payback period?
- 1.24 years
- 1.85 years
- 2.24 years
- 2.85 years
- 3.05 years
Note: Explain all steps comprehensively.