The Chickpeas Corporation is considering investing in a project with an initial cash outlay of $100M and subsequent cash inflows of $40M in Yr 1, $50M in Yr 2, and $60M in Yr 3. If the required return is 8%, the DISCOUNTED PAYBACK PERIOD for this project is:

a.

2.4 years

b.

2.2 years

c.

3.0 years

d.

2.1 years