Consider the following project: Initial outlay = $5 million Year 1 expected cash flow = $3 million Year 2 expected cash flow = $3 million Year 3 expected cash flow = $5 million Cost of capital = 8% If the cash flows are received uniformly throughout the year, the discounted payback period for this project is closest to: A. 1.67 years B. 1.86 years C. 2.01 years D. 2.32 years E. 3.00 years