A firm with a 9% WACC is evaluating two mutually exclusive projects with the following cash flows (in millions); calculate the discounted payback for the project that maximizes shareholder value.

t =	0	1	2	3	4	5
Project H	-1,000	500	400	300	200	100
Project K	-1,000	100	200	400	500	500

Group of answer choices

3.08 years

2.88 years

3.24 years

4.24 years

3.88 years