Plato Ltd. is considering one of two different projects. Cash flow data for these projects are as follows:

	Year	Project CR	Project DR
	0	($60612)	($93100)
	1	21751	16522
	2	31157	40163
	3	4840	46370
	4	9609	11000

Assuming the companys objective is to minimize the payback period, what is the payback period of the project that should be accepted?

Select one:

a. 2.30 years

b. 3.79 years

c. 2.79 years

d. 3.30 years