3 As a financial manager, you are thinking of using the discounted payback period method to evaluate a new project. You are considering the following four-year project. The initial outlay (cost) is $280,000. The respective cash inflows for years 1, 2, 3 and 4 are: $200,000, $180,000, $180,000 and $120,000. What is the discounted payback period if the discount rate is 10.5%? Your choice: 3/15 Qs A: About 1.67 years B: About 1.98 years C: About 2.15 years D: About 2.43 years E: None of the above Submit Logged in as Farida Haidari