A project is projected to cost $2,000,000 to undertake. It will generate positive cash inflow of $550,000 for next 7 years. What is the projects discounted payback, given a 10% required rate of return?

Select one:

a.

4.75 years

b.

4.82 years

c.

4.92 years

d.

5.0 years

e.

Discounted payback does not occur