A company is considering two projects.

	Project A	Project B
Initial investment	$300,000	$300,000
Cash inflow Year 1	$60,000	$90,000
Cash inflow Year 2	$60,000	$80,000
Cash inflow Year 3	$60,000	$80,000
Cash inflow Year 4	$60,000	$50,000
Cash inflow Year 5	$60,000	$70,000

What is the payback period for Project B?

a.2.5 years

b.3.5 years

c.2 years

d.3 years

e.4.5 years