5. Daffodil Technologies is considering a project with the after-tax cash flows below. If the initial outlay is $1,500,000, what is the payback period of this project? End of After tax cash Year flow 1 2 2 3 $200,000 $600,000 $600,000 $400,000 $500,000 4 4 5 O a. 3.00 years O b. 3.25 years O c. 3.75 years O d.5.00 years