The Beans Corporation is considering investing in a project with an initial cash investment of $180,000 that provides an annual cash inflow of $40,000 in Years 1-3, then $25,000 per year in Years 4-5, and $50,000 per year in Years 6-8. The PAYBACK PERIOD for this project is:

Select one:

a. 5.8 years

b. 5.6 years

c. 5.2 years

d. 5.4 years