A project is projected to cost $$450,000$ to undertake. It will generate positive cash inflows as follows: Year $1-$ $$290,000$; Year $2135,000$; Year $3-$ $$150,000$; Year $470,000.$ What is the project$$s discounted payback period, given a $10\%$ required rate of return?

Select one:

a$.$

$2\mathrm{.}66$ years

b$.$

$4\mathrm{.}82$ years

c$.$

$4\mathrm{.}92$ years

d$.$

$5\mathrm{.}0$ years

e$.$

Discounted payback does not occur