Machinery Manufacturing Company is considering a three-year project that has a cost of $75,000. The project will generate after-tax cash flows of $36,000 in Year 1, $27,000 in Year 2, and $30,000 in Year 3. Assume that the appropriate discount rate is 10% and that the firm's tax rate is 40%. What is the project's payback period? O 3 years O None of them 0 2.50 years 2.78 years 0 2.40 years