A company is considering a $5-$year project with an initial investment of $$90,000.$ Cash inflows will be $$30,000$ for the first

two years and $$25,000$ for the next $3$ years. If the company's required rate of return is $12\%,$ determine its discounted

payback.

$4\mathrm{.}40$years

$3\mathrm{.}60$ years

$3\mathrm{.}80$ years

$4\mathrm{.}00$ years Give correct answer