2. XYZ Company made an investment of $400,000 for a piece of equipment that promises to provide net cash inflows of : yr 1, $150,000; yr 2, $100,000; yr 3, $ 80,000; yr 4, $ 70,000; yr 5, $80,000. What year is the pay back period?

a. Between Yr 1 and Yr 2;

b. Between yr 2 and yr 3;

c. Between yr 3 and yr 4;

d. End of year 4;

e. Between yr 4 and yr 5.