Answer:
3.57 years
Explanation:
The discounted payback period calculates how long it takes for the amount invested in a project to be recovered from the cumulative discounted cash flows.
Explanation on how the answer was derived can be found in the attached image.
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Based on the information given the discounted payback period is 3.57 years.
Discounted payback period:
Discounted payback period = 3 years + ($382 - $105/(1+.09) + $130/(1+.09)^2 + $150/(1+.09)^3/($150/(1+.09)^4
Discounted payback period = 3 years + ($382 - $105/1.09 + $130/1.09^2 + $150/1.09^3)/($150/1.09^4)
Discounted payback period= 3.57 years
Inconclusion the discounted payback period is 3.57 years.
Learn more about discounted payback period here:https://brainly.com/question/25534287
