R8 Co. is considering one of three projects, each of which will cost $42000. The expected cash flows for each project are:

	Project A	Project B	Project C
Year 1	$11231	$27355	$4445
Year 2	20674	18951	17481
Year 3	12110	8535	13426
Year 4	9409	10079	13441

R8s maximum acceptable payback period for accepting projects is 2 years. What is the payback period of a project that would be considered acceptable?

Select one:

a. 2.83 years

b. 1.77 years

c. 3.49 years

d. 1.54 years

PLEASE ANSWER ASAP