Fernando Designs is considering a project that has the following cash flow and WACC data. What is the project's discounted payback?

WACC: $10\mathrm{.}0096$

$\backslash$table$[[$Year$,0,1,2,3,4,5],[$Cash flows,$-$$$2,000,$$$600,$$$700,$$$500,$$$500,5500]]$

$4,12$ years

$2\mathrm{.}65$ years

$3\mathrm{.}38$ years

$3\mathrm{.}75$ years

$3\mathrm{.}81$ years