Suppose that cash flows of a project are given as follows: Year 0 : Costs: $200,000. Year 1: Costs: $20,000. Savings: $70,000. Year 2: Costs: $30,000. Savings: $80,000. Year 3 : Costs: $30,000. Savings: $100,000. Year 4 : Costs: $40,000. Savings: $100,000. It is known that MARR is 10% and all cash flows occur throughout the year, what is the project's Payback Period? 2 Years 2.5 Years 3 Years 3.5 Years 3.5 Years