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Discounted Payback Period vs Payback Period

CORPFN-EK$H71

A project has a payback period of exactly 4 years and uses a 10% discount rate to discount its investment projects.

Which of the following statements is CORRECT concerning this project’s discounted payback period?

A

The discounted payback period is exactly 4 years.

B

The discounted payback period is longer than 4 years.

C

The discounted payback period is shorter than 4 years.