Skyumeal Inc. is considering a project that has the following cash flow data. What is the project's discounted payback if the required rate of return for the project is 10 percent? Should the company accept or reject the project if the required discounted payback period (i.e., cut-off time period) is 1 year?

Year	0	1	2	3
Cash flows	-$325	$150	$200	$300

		2.12 years; accept
		2.12 years; reject
		2.67 years; accept
		2.67 years; reject
		1.88 years; reject