Craig's Car Wash Inc. is considering a project that has the following cash flow and cost of capital (r) data. What is the project's discounted payback? r = 10.00%       Year 0 1 2 3 Cash flows −$900 $500 $500 $500   a. 2.52 years     b. 2.78 years     c. 2.09 years     d. 1.88 years     e. 2.29 years

Essentials Of Investments
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Chapter1: Investments: Background And Issues
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Craig's Car Wash Inc. is considering a project that has the following cash flow and cost of capital (r) data. What is the project's discounted payback?

r = 10.00%      
Year 0 1 2 3
Cash flows −$900 $500 $500 $500
  a. 2.52 years  
  b. 2.78 years  
  c. 2.09 years  
  d. 1.88 years  
  e. 2.29 years
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