A firm is considering a project with the following cash flows. Assume that the required rate of return for the project is 20%. What is the discounted payback period for this project?

Year 0 : -$114,600

Year 1 : $35,900

Year 2 : $50,800

Year 3 : $45,000

Group of answer choices

2.62 years

Never

2.00 years

3.00 years