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Assume a project has the following expected cash flows: Year 0: ($350,000) Year 1: $125,000 Year 2: $130,000 Year 3: $170,000 Year 3: $200,000 What

Assume a project has the following expected cash flows:

Year 0: ($350,000)

Year 1: $125,000

Year 2: $130,000

Year 3: $170,000

Year 3: $200,000

What is the projects payback (payback period)?

A. 2.20 years

B. 2.45 years

C. 2.54 years

D. 2.62 years

E. 3.05 years

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