A company is considering two projects.

	Project I	Project II
Initial investment	$200,000	$200,000
Cash inflow Year 1	50,000	60,000
Cash inflow Year 2	50,000	60,000
Cash inflow Year 3	50,000	80,000
Cash inflow Year 4	50,000	10,000
Cash inflow Year 5	50,000	50000

What is the payback period for Project II?

a.5 years

b.1 year

c.4.3 years

d.2.5 years

e.3 years