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Your required rate of return is 15 percent. If you invest $3,000 today you will receive the following cash flows at the end of the

Your required rate of return is 15 percent. If you invest $3,000 today you will receive the following cash flows at the end of the following years: $2000 at t=1, $400 at t=2, $1000 at t=3, $1000 at t=4. Calculate the Discounted Payback Period of the project.
A. 2.6 years
B. 2.8 years
C. 3.3 years
D. 3.5 years
E. 3.7 years

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