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Calcluate the simple payback period for the following series of payments. Starting with an initial outflow of $90,000 follow by inflows of $20,000 in the

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Calcluate the simple payback period for the following series of payments. Starting with an initial outflow of $90,000 follow by inflows of $20,000 in the first year and $22,000 in the second year $24,200$26,620 and $29,282 in each of the following years. A) 1.99 B) 2.98 C) 2.4 D) 3.89 E) 2.16

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