A firm with a 9.5 percent cost of capital is considering a project for this year's budget. The project's expected after-tax cash flows are as follows:

Year: 0 1 2 3 4

CAsh flow: -$9,000 $3,800 $4,200 $4,300 $4,200

Calculate the project's discounted payback period:

A. 2.62 years

B. 2.00 years

C. 3.00 years

D. 2.50 years

E. 2.38 years