Yancy Is Considering a Project Which Will Produce Cash Inflows

Multiple Choice

Yancy is considering a project which will produce cash inflows of £900 a year for 4 years.The project has a 9% required rate of return and an initial cost of £2,800.What is the discounted
Payback period?

A) 3.11 years.
B) 3.18 years.
C) 3.82 years.
D) 4.18 years.
E) never.