. " Corp uses the discounted payback method for deciding whether or not to engage in a project. It requires payback within 4 years with a discount rate of 15% per year. L is considering a project that will require $23 million initial investment and they expect to earn the following cash flows in subsequent years:

Year One $4 million

Year Two 12 million

Year Three 3 million

Year Four 11 million

Year Five 21 million

Which of the following are true?

A. L should accept the project using the discounted payback method

B. L should reject the project using the discounted payback method

C. L will be indifferent between accepting and rejecting the project

D. Both B and C

E. None of the above