Calculate the payback period (PB) for a project that has the following cash flows? The required return is 15.0%.

Year	Cash Flow
0	$ (55,000)
1	$ 25,000
2	$ 20,000
3	$ 15,000
4	$ 10,000
5	$ 5,000

Group of answer choices

None of these are correct.

4.25 years

2.00 years

3.75 years

2.67 years