A Company is considering building a project in Beijing, China. Because of the political risk involved in investing in China, the company wants a short payback period. The cash flows are estimated as follows: Year Cash Flows 0 -$3,000,000 1 $250,000 2 $500,000 3 $750,000 4 $750,000 5-20 $750,000 Assuming a 10% discount rate, what is the discounted Payback period for this project? a. 7.1 years b. 8.2 years c. 6.1 years d. 5 years