13. MIKE is considering a project with the following expected cash flows, initial investment is $700 million, cash flow year 1 $200 million, cash flow year 2 $370 million, cash flow year 3 $225 million, cash flow year 4 $700 million. The project's WACC is 10 percent. What is the project's discounted payback? O a 3.15 years O b. 4,09 years Oc 1.62 years O d. 3.09 years