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?$

Multiple Choice

$2\mathrm{.}63$ years

$3\mathrm{.}76$ years

$1\mathrm{.}38$ years

$0\mathrm{.}88$ years

$1\mathrm{.}88$ years