You are a CEO. A team of your managers conducts an analysis of a potential capital budgeting project. There will be an initial outlay of $100m at t = 0. In years t = 1 and t = 2 the cash flow will be negative; 100m in t = 1, and 300m in t = 2. In years t = 3, t = 4 and t = 5 the cash flows will be positive; 500m in t = 3, 500m in t = 4, and 500m in t = 5. The cash flows in years 6 10 are not yet calculated but will be positive. The cost of capital is 10%. Your team compares the payback period with the discounted payback period for this project. Which is longer?

A) The payback period

B) The discounted payback

C) Impossible to determine without knowing the cash flows in years 6 10