There is a project with the following cash flows :

Year	Cash Flow
0	$30,050
1	8,700
2	9,800
3	7,950
4	8,550
5	8,300

What is the payback period?

Multiple Choice

• 3.42 years

• 2.55 years

• 4.00 years

• 3.77 years

• 3.70 years