A project has a payback period of five years and the firm employs a 10 percent cost of capital. Which of the following statements is correct concerning this Project's discounted payback? a. discounted payback will decrease if the Project's IRR exceeds 10 percent.
b. discounted payback will exceed five years. c. discounted payback will be less than five years.
d. discounted payback will increase if the Project's IRR is less than 10 percent.