Question 35 Stern Associates is considering a project that has the following cash flow data. What is the project's payback? Year 0 1 2 3 4 5 Cash flows -$1,000 $300 $310 $320 $330 $340 a. 2.89 years O b.3.21 years c. 2.92 years d. 3.40 years e. 3.92 years