Sisyphean Company is planning on investing in a new project. This will involve the purchase of some new machinery costing $450,000. The Sisyphean Company expects cash inflows from this project as detailed below:

Year One Year Two Year Three Year Four

$200,000 $225,000 $275,000 $200,000

the appropriate discount for this project is 12%

the discounted payback for this period is closest to

2.1

3.0

2.0

2.5