Pinero is considering a $600,000 investment in new equipment that is anticipated to produce the following net cash inflows:

Year	Net Cash Inflows
1	$120,000
2	250,000
3	110,000
4	80,000
5	160,000

If cash flows occur evenly throughout a year, the equipment's payback period is:

		A. 4 years, 2 months.
		B. 4 years, 3 months.
		C. 4 years, 4 months.
	D.	5 years.
		E. some other period of time not noted above.