A project that requires an initial investment of $100,000 and generates the following cash flows:

YEAR	CASH FLOWS
1	30,000
2	35,000
3	40,000
4	20,000
5	19,000

If the cost of capital is 8% have a discounted payback period of _______________

Choose one:

2.875 years

3.783 years

not enough data to answer

3.71 years

2.856 years

3.856 years

3.875 years