(All values are in thousands)

Ferlinghetti Enterprises is considering a project with a cost of 140 and the following cash flows:

Year	Cash Flow
1	39
2	42
3	47
4	55
5	61
6	64

The appropriate discount rate is 9.15% and the company has a 4 year maximum on discounted payback. The discounted payback period for the project is closest to:

	A.	4.0 years.
	B.	3.2 years
	C.	3.8 years