Jenkintown Advertisement is evaluating a project that requires an initial investment of $30,000 and offers expected cash flows of $10,000 in its first year, $15,000 in its second year and $20,000 in its last year. If the firm's weighted average cost of capital is 9%, what is the project's discounted payback period? 3 years 3.56 years 2.44 years 2.56 years