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

Year	Projected Cash Flows ($)
0	-700,000
1	200,000
2	370,000
3	225,000
4	700,000

If the rate of return is 10 percent, what is the project's discounted payback?

Multiple Choice

• 3.15 years

• 3.09 years

• 2.58 years

• 4.09 years