Consider an investment with an initial cost of $16,000 and is expected to last for 5 years.The expected cash flow in years 1 and 2 are $5,000, in years 3 and 4 are $5,500 and in year 5 is $1,000.The total cash inflow is expected to be $22,000 or an average of $4,400 per year.Compute thepayback period in years.

a.2.91 years

b.3.09 years

c.3.36 years

d.4.08 years

e.4.43 years