Consider the following twoprojects:

Project

Year 0

Cash Flow

Year 1

Cash Flow

Year 2

Cash Flow

Year 3

Cash Flow

Year 4

Cash Flow

Discount

Rate

A

100

40

50

90

N/A

0.15

B

73

30

30

30

30

0.15

The payback period for project A is closestto:

A.

1.9 years

B.

2.1 years

C.

2.3 years

D.

2.5 years