POD has a project with the following cash flows:

Year Cash Flows

0 $269,000

1 146,100

2 163,600

3 128,700

Calculate the discounted payback period. The required rate of return is 10%

A)1.5 years

B) 2.01 years

C) 2.75 years

D) 1.75 years

E)1.02 years