Patel Ltd is considering opening a new store. The expected purchase price is 270,000, expected annual revenues are 150,000, and expected annual costs are 90,000, including 22,500 of depreciation. The store has a payback period of approximately: Select one: O a. 1.8 years O b. 3.3 years O c. 3.0 years O d. 4.5 years