Diamond Enterprises is considering a project that will produce cash inflows of $5,000, $4,000, $3,000, and $5,000 over the next four years. Assume the appropriate discount rate is 13%. What is the Payback Period for this project if the initial cost is $ 12,500 ?

A- 2.40 years

B- 2.60 years

C- 2.75 years

D- 2.90 years

E- 3.10 years