Sofa So Good, the furniture retailer, is considering the following project which has a required return of 16% p.a.: Year o Year 1 Year 2 Year 3 Year 4 -500,000 +280,000 +350,000 +150,000 The project's discounted payback period is: 0 2.74 3.23 2.42 3.42 2.63