A project requires an initial investment of PHP 2,715,425. It is expected to generate free cash flows of PHP 540,735 annually for years 1 to 7 and PHP 395,885 annually for years 8 to 10 . The cost of capital is 11.45% p.a. Solve for the discounted payback period (DPP). 5.46 years 5.80 years 8.25 years 9.17 years more than 10 years