The discounted payback period for a project will be the payback period for the project given a positive, non-zero discount rate. The answer cannot be determined based on the information provided. longer than shorter than equal to

longer than

Explanation:

The discounted payback period simply refers to the number of years that will be required for the cumulative discounted cash inflows to be able to cover a project's initial investment.

It should be noted that the discounted payback period for a project will be longer than the payback period for the project given a positive, non-zero discount rate. This is because the time value of money will be taken into consideration, hence, this will bring about a longer time.

- 15

Step-by-step explanation:

Floor zero = 0

Up 8 floors = 0 + 8 = 8

then down 17 floors = 8 - 17 = -9

then down 12 floors = -9 - 12 = -21

then up 20 floors = -21 + 20 = -1

then down 14 floors = -1 - 14 = -15