Marshall Farms is reviewing a new project and has estimated the following cash flows: Cash outlay of $165,000 today, and then cash inflows of $63,120, $70,800, and $91,080 in year one, two, and three, respectively. If Marshall Farms requires a minimum return of 12%, calculate the Discounted Payback Period. If payback of 3 years is used, should we accept the project?

A. 2.71 years;

B. 2.81 years;

C. 2.91 years;

D. 3.01 years;

E. 3.11 years;