A firm is considering a new project with an initial cost of $$54,780$ and a discount rate of $14$ percent. The project is expected to have cash inflows of $$27,000$ per year for three years. What is the discounted payback period?

Multiple Choice

$2\mathrm{.}17$ years

$2\mathrm{.}11$ years

$2\mathrm{.}62$ years

$2\mathrm{.}57$ years

Never