A project has the following cash flows. Cash flows are paid at year-end.

Year CF

1. -$200
2. +$80
3. +$80
4. +$80
5. +$80

What is thediscountedpayback period if the opportunity cost of capital (OCC) is 11%?

3.0 years

5.0 years

2.0 years

4.0 years