An investment project has annual cash inflows of $6,100, $7,200, $8,000, and $9,300, and a discount rate of 17 percent. Required: What is the discounted payback period for these cash flows if the initial cost is $9,500?(Do not round your intermediate calculations.) rev: 09_18_2012

3.62 years

0.81 years

2.56 years

1.31 years

1.81 years