Company ABC evaluates an investment project with a time horizon of six years. The project will cost

Company ABC evaluates an investment project with a time horizon of six years. The project will cost 80,000 and is expected to yield cash flows of 25,000 per year for the first three years (years 13 ), and cash flows of 15,000 per year for the last three years (years 46). The payback period of the project is: Select one: a. 3.75 years b. 3.2 years c. 3.5 years d. 3.33 years e. 3.67 years