Consider a project with the following cash flows

YEAR CASH FLOWS

1 -10000

2 4000

3 4000

4 4000

5 4000

Assume the appropriate discount rate for this project is 13%. The payback period for this project is closest to

Select one

A. 2.5 years

B. 3 years

C. 2 years

D. 3.75 years