An investment project has annual cash inflows of $$6,000,$$$7,100,$$$7,900$ for the next four

years, respectively, and $$9,200,$ and a discount rate of $16$ percent.

What is the discounted payback period for these cash flows if the initial cost is $$9,500?$

Multiple Choice

$3\mathrm{.}64$ years

$1\mathrm{.}82$ years

$1\mathrm{.}32$ years

$0\mathrm{.}82$ years

$2\mathrm{.}57$ years