A company is considering a 5-year project with an initial investment of $90,000. Cash inflows will be $30,000 for the first two years and $25,000 for the next 3 years. If the company's required rate of return is 12%, determine its discounted payback.

A) 4.00 years
B) 3.60 years
C) 4.40 years
D) 3.80 years

Ans: C) 4.40 years