The Savers Grocery is considering a project with an initial cost of $140,000. The project will produce cash inflows of: Year 1 $32,000, Year 2 $36,500, Year 3 $38,999, Year 4 $40,000 and year 5 $25,000. What is the payback period?

Group of answer choices

3.84 years

3.23 years

2.88 years

3.26 years

4.16 years