An independent capital budgeting project is expected to have the following cash flows.

Year	Cash flows
0	-$500,000
1	$100,000
2	$150,000
4	$250,000
5	$300,000

a. Compute the payback period b. Compute the discounted payback period using an 11 percent required rate of return. c. Should the project be accepted?

A. a. 2 years b. 2.53 years c. Yes
B. a. 3 years b. 3.53 years c. Yes
C. a. 2 years b. 2.53 years c. No
D. a. 3 years b. 3.53 years c. No