210 A business has recently spent 90,000 on a consultants' report concerning a new project. The report sets out the following projected cash flows for the project: 000 Year 1 Year 2 320 Year 3 340 Year 4 460 In addition, the project will require the purchase of a new machine in Year 1 at a cost of 600,000, which will be depreciated evenly over the life of the project and which will have no residual value What is the payback period for the project? (To nearest month) O A. 3 years 7 months OB. 2 years 2 months OC. 3 years 10 months OD. 2 years 6 months