1. Coughlin Motors is considering a project with the following expected cash flows:

   Year Cash Flow

   0 -$600 million

   1 400 million

   2 100 million

   3 500 million

   4 300 million

   What is the projects payback?

   a. 1.8 years

   b. 2.2 years

   c. 2.7 years

   d. 3.2 years