7.Tiger Management Services is considering an investment of $75,000.Data related to the investment are as follows:

Year

Cash Inflows

1

$20,000

2

23,000

3

17,000

4

50,000

5

20,000

The investment's payback period in years (rounded to two decimal points) is:

A)3.30

B)2.23

C)3.38

D)3.00