Assume a project has the following expected cash flows: Year 0: ($400,000) Year 1: $100,000 Year 2: $150,000 Year 3: $200,000 Year 3: $250,000 What is the projects payback (payback period)?

	a.	2.00 years
	b.	2.25 years
	c.	2.50 years
	d.	2.75 years
	e.	3.15 years