Coughlin Motors is considering a project with the following expected cash flows:

Year	Cash Flow
0	-$1,000 million
1	500 million
2	400 million
3	300 million
4	250 million

The projects WACC is 15 percent. What is the projects payback period and discounted payback period?

Question options:

1)	Payback period= 2 years and discount payback period= 2.68 years

2)	Payback period= 2.25 years and discount payback period= 2.68 years

3)	Payback period= 2.33 years and discount payback period= 3.21 years

4)	Payback period= 2.33 years and discount payback period= 3.46 years

5)	Payback period= 3 years and discount payback period= 3.21 years