Company A Limited has recently borrowed R 1.3 million rands at an interest rate of 9% and considering the following projects:

Period	Project A	Project B	Project C	Project D
0	-240000	-280000	-500000	-550000
1	52 800	44 800	200 000	220 000
2	52 800	50 400	200 000	200 000
3	52 800	67 200	200 000	220 000
4	52 800	78 400	10 000	11 000
5	52 800	89 600	10 000	11 000
6	52 800	72 800	10 000	11 000
7	52 800	61 600	10 000	11 000

The required rate of return of Company A Ltd's equity is 12%, the prime rate is 8% and the inflation rate is 7%.

Based on the information above, the discounted payback period for Project D is:

1. 2 years and 11 months

1. 2 years and 10 months

1. 2 years and 4 months

1. 2 years and 5 months

1. None of the options