A power-generating company that has a discount rate of 11% has decided to invest in solar power generation. The initial investment is expected to be a large $95 million dollar investment today. Because of the nature of this project, the company expects that the projects cash inflows will begin at the end of year 5 and will last for 6 years. The cashflows are $50 million dollars per year. What is the payback period of this investment?

Select one:

a. 5.5 years

b. 5.9 years

c. 6 years

d. 5 years

e. 6.75 years