Find the Payback period for Oman Lighting company if the initial investment is 12000 OMR and the cash Inflows are as follows: Year 1 =3250 OMR; Year 2 =3500 OMR; Year 3=3750 OMR and Year 4=4000 OMR.

Select one:

a. 1 year 10 months

b. 3 years

c. 3 years 4 months

d. None of the options

e. 2 years 8 months