16. Land Rover is analyzing a project that has a cost of capital of 10%. The project has an initial cost of $6,500. The cash inflows are $900, $2,200, $3,600, and $4,100 over the next four years, respectively. What's the payback period of the project? If the firm's cutoff payback period is 3 years, should it accept the project? A. 3.51 years; reject the project B. 2.94 years; reject the project C 2.94 years; accept the project D. 2.51 years; accept the project E. 2.51 years, reject the project