Sara Turner is considering investing $60,000 in an equipment with the following cash revenues and expenses: Year Revenues Cash Expenses & Depreciation Year 1 $16,000 $16,000 Year 2 18,000 16,000 Year 3 17,000 17,000 Year 4 26,000 14,000 Year 5 26,000 14,000 Assuming straight-line depreciation over five years, what is the payback period for this investment? a. Between one and two years b. Between three and four years c. Between two and three years d. Between four and five years