An investment project has annual cash inflows of $5,400, $6,500, $7,300 for the next four years, respectively, and $8,600, and a discount rate of 10 percent. What is the discounted payback period for these cash flows if the initial cost is $9,000?

• 1.76 years

• 2.51 years

• 0.76 years

• 1.26 years

• 3.52 years