project has an initial cost of $21,000 and is expected to produce cash inflows of $11,300, $12,500, and $15,800 over the next three years, respectively. What is the discounted payback period if the required rate of return is 18 percent?

Select one:

A. 2.25 years

B. 1.45 years

C. 2.56 years

D. 2.44 years

E. Never