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 $30,000 in Year 1, $30,000 in Year 2, and $35,000 in Year 3. Assume that the firm's proper rate of discount is 10% and that the firm's tax rate is 40%. What is the project's payback? O 1.22 years 2.33 years 2.80 years 0 2.43 years None of them