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Compute the payback period for project

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The cost data for project X is given below: Year 0 (Now): $100,000 Year1: 10,000$ Year 2: 12,000$ and Year 3: 14,000$

The benefits are quantified as: Year 0 (Now): $0 Year 1:$50,000 Year2: $60,000 and Year 3: 70,000$

The discount rate is 4%. Compute the payback period for this project (discounted payback).

Reference no: EM132267488

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