The Thunderstruck Corporation paid $130,000 for an asset. The asset is expected to generate end-of-year cash flows of $50,000, $50,000, $32,000, $28,000, and $25,000 in years one through five, respectively. Calculate the payback period for the project, assuming all the cash flows from the project occur at the end of the year.

a. 1 year

b. 3 years

c. 4 years

d. 2 years