An investment project has annual cash inflows of $$4,600,$$$5,700,$$$6,500$ for the next

four years, respectively, and $$7,800,$ and a discount rate of $13$ percent.

What is the discounted payback period for these cash flows if the initial cost is

$$8,000?($Do not round your intermediate calculations.$)$

$0\mathrm{.}88$ years

$1\mathrm{.}88$ years

$2\mathrm{.}63$ years $3\mathrm{.}76$ years

$1\mathrm{.}38$ years