3. Consider the following four-year project. The initial outlay or cost is $180,000. The respective cash inflows for years 1, 2, 3 and 4 are: $100,000, $80,000, $80,000 and S20,000. What is the discounted payback period if the discount rate is 11%? a. b. c. d. About 1.667 years About 2.000 years About 2.135 years About 2.427 years