Consider the following project. Using Discounted Payback Period method (10% rate), how long will it take to recover the investment?

• 3.31 years
• 4.31 years
• 3.69 years
• 4.69 years

\begin{tabular}{|l|r|r|r|r|r|r|r|} \hline & \multicolumn{6}{|c|}{ Year } \\ \hline & 0 & 1 & 2 & 3 & 4 & 5 & 6 \\ \hline Investment & -3700 & & & & & & \\ \hline Profit & & 1100 & 1100 & 1100 & 1100 & 1100 & 1100 \\ \hline \end{tabular}