Homework $*$ Unanswered $*$ Due Today, $11$:$59$ PM

What is the payback period of a $$45,000$ investment with the following cash flows? Year Cash Flow

$112,000$

$227,000$

$312,000$

$410,000$

$55,000$

Select an answer and submit. For keyboard navigation, use the up$/$down arrow keys to select an answer.

a $1$ year

b $1\mathrm{.}5$ years

$2$ years

d $2\mathrm{.}5$ years

e $3\mathrm{.}5$ years