q3 need help urgent

You have been asked to calculate the payback period of the following project. The project has a cost of $265,000. The project has an expected cash flow of $65,000 in year 1, an expected cash flow of $75,000 in year 2, an expected cash flow of $85,000 in year 3 and an expected cash flow of $95,000 in year 4. The required rate of return is 8% compounded annually. How many years does it take for the project to recover its cost? (What is the payback period in years?) 3.35 3.42 3.27 3.15