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The following information is furnished by Vale company: Initial Investment of a project OMR25,000; Cash inflows for the 1st year is OMR10,000; 2nd year is

The following information is furnished by Vale company: Initial Investment of a project OMR25,000; Cash inflows for the 1st year is OMR10,000; 2nd year is OMR15,000; 3rd year OMR30,000. Determine the Payback Period?

a.4 years

b.3 years

c. 1 year

d. 2 years

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