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(All values are in thousands)

Ferlinghetti Enterprises is considering a project with a cost of 105 and the following cash flows:

Year	Cash Flow
1	25
2	29
3	32
4	37
5	41
6	39

The appropriate discount rate is 7.90% and the company has a 5 year maximum on discounted payback. The discounted payback period for the project is closest to:

	A.	4.5 years
	B.	5.0 years.
	C.	4.1 years