Kim Corporation is considering an investment of 750 million won with expected after-tax cash inflows of 175 million won per year for seven years. The required rate of return is 10 percent. Expressed in years, the project's payback period and discounted payback period, respectively, are closest to:
a. . 4.3 years and 5.4 years.
b. 4.3 years and 5.9 years.
c. 4.8 years and 6.3 years.
Answer: b. 4.3 years and 5.9 years.
Business
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