Your division is considering an investment projects which requires an up-front expenditure of $85 million. You estimate that the cost of capital is 6.00% and that the investments will produce the following after-tax cash flows (in millions of dollars):

Year

0

1

2

3

4

5

6

7

CF in millions

-85

11

22

30

19

27

31

15

What is the discounted payback period for this project?

		9.89
		4.18
		1.37
		2.36
		4.73