Marigold is contemplating a capital investment of $$19600.$ The cash flows over the project's five year life are projected as follows:

Expected Annual

Expected Annual

Cash Outflows

Year

Cash Inflows

$1$

$$6000$

$$1100$

$2$

$7900$

$1900$

$3$

$10300$

$2500$

$4$

$11600$

$2800$

$5$

$15400$

$2600$

The asset will be depreciated using the straight$-$line method with no expected salvage value. The cash payback period is

O $3\mathrm{.}10$ years.

O $2\mathrm{.}43$ years.

O $2\mathrm{.}55$ years.

O $2\mathrm{.}54$ years.