What is the discounted payback period of the project

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The following project is under consideration by Smith's Food Markets, Inc. Smith's requires a 14% rate of return on projects of this nature.

CF0: -$280,000

CF1: +$120,000

CF2: +$120,000

CF3: +$150,000

What is the discounted Payback Period of the project?

Group of answer choices

2.81 yrs

2.13 yrs

2.27 yrs

1.50 yrs

2.62 yrs

Reference no: EM132516055

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