International Parcel Service (IPS) is considering a project with a WACC of 12.5%. The project's expected cash flows are displayed below. What is the payback period for the project? 0 1 2 3 4 5 Year Cash flows -$725 $300 $310 $320 $330 $340 a. 2.88 years Ob. 2.36 years O c. 2.45 years O d. 2.27 years Oe. 2.08 years