ABC Inc is attempting to evaluate the feasibility of investing $57,534 in a machine having a five-year life. The firm estimated the cash inflows associated with the proposal as shown below. The firm has a 12% cost of capital. Year Cashflows 1 $ 13,000.00 2 $ 26,500.00 3 $ 13,000.00 4 $ 31,500.00 5 $ 26,000.00 Calculate the payback period and evaluate the profitability of the investment based on the profitability index. a. Payback Period = 3.840: P1 - 1.597 b. Payback Period = 3.840; PI = 1.334 c. Payback Period - 3.159: PI - 1.334 d. Payback period = 2.792: PI = 1.216 e. None of the above