Binder Corp. has invested in new machinery at a cost of $1,450,000. This investment is expected to produce cash flows of $640,000, $715,250, $823,330, and $907,125 over the next four years. What is the discounted payback period for this project if the cost of capital for the firm is 5%? o 2.12 years 0 2.27 years 0 2.45 years O 3.52 years O 1.88 years