As a financial analyst for $xYZ$ Company, you are evaluating an investment in new manufacturing equipment. The equipment costs $$50,000$ and is expected to generate annual cash inflows for the next five years. Calculate the payback period along with a brief explanation $.$of your calculation process

$\backslash$table$[[$Cash Inflow Year,$],[$$$10,000,1],[$$$12,000,2],[$$$15,000,3],[$$$18,000,4],[$$$20,000,5]]$

years $8$ months $20$ days $3.$a

years $8$ months $10$ days $3.$b

years $6$ months $20$ days $3.$c

years $8$ months $3.$d

years $9$ months $3.$e

Clear my choice