Your suppose to solve without a DPP. Or find the DPP first then solve..

A new project will have an intial cost of $10,000. Cash flows from the project are expected to be $3,000,$3,500, and $4,000 over the next 3 years, respectively. Assuming a discount rate of 8%, what is the project's discounted payback period? 2.10 2.16 2.03 2.25 2.29