Given below the following cashflows for a particular proposed project with required rate of return of 7%, the discounted payback is

Time 0 1 2 3 4

Payments -3000 1500 1000 500 1000

A. .81 years greater than the payback period

B. .61 years greater than the payback period

C. .41 years greater than the payback period

D. More than one year greater than the payback period