DMH Inc. is evaluating a project with an initial investment of $100,000. The project is expected to generate cash flow of $50,000 in Year 1, 40,000 in Year 2 and $30,000 in Year 3. If DMH's wacc is 10%, what is the project's payback period? 2.33 years 2.67 years 3.33 years 3.67 years