A firm is considering a $200000 project that will last 3 years and has the following financial data : Annual after-tax cash flows are expected to be $90000. Target debt/equity ratio is 0. 4. Cost of equity is 14 percent. Cost of debt is 7 percent. Tax rate is 34 percent. Determine the project’s payback period and net present value(NPV). Payback Period NPV（） ①A. 2.43 years $18716 ②B. 2.22 years $18716 ③C. 2.43 years $21872
A. ①
B. ②
C. ③