Ayala Avenue invested in a four-year project. Ayala's cost of capital is 8 percent. Additional information on the project is as follows: Year Post-tax cash inflow PV of P 1 at 8% 1 P 2,000 0.926 2. 2,200 0.857 3 2,400 0.794 4 2,600 0.735 Assuming a net present value of P 2,500, what is the payback period? Between 2 years and 2.5 years Between 3 years and 3.5 years Between 3.5 years and 4 years Between 2.5 years and 3 years