There is a project with the following cash flows :

Year	Cash Flow
0	$29,700
1	8600
2	9700
3	7900
4	8500
5	8200

What is the payback period? 7) _______

A) 4.00 years

B) 3.41 years

C) 2.56 years

D) 3.69 years

E) 3.76 years