Barcode Biz has invested in new machinery at a cost of $1,450,000. This investment is expected to produce cash flows of $640,000, $715,250, $823,330, and $907,125 over the next four years. What is the payback period for this project (rounded to two decimal places)?

Select one:

A.2.12 years

B.1.88 years

C.4.00 years

D.3.00 years.