Strange Manufacturing Company Is Purchasing a Production Facility at a Cost

Strange Manufacturing Company is purchasing a production facility at a cost of $21 million. The company expects the project to generate annual cash flows of $7 million over the next five years. Its cost of capital is 18 percent. Discounted payback: What is the discounted payback period for this project?

A) 3.9 years
B) 4.3 years
C) 4.7 years
D) 5.1 years