A 25-year project has a cost of $1,500,000 and has annual cash flows of $400,000 in years 1-15, and $200,000 in years 16-25. The company's required rate is 14%. Given this information, calculate the payback of the project. Select one: O a.3.75 years O b.4.25 years O c. 2.75 years Od 225 years O e. 3.25 years