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Use the information to answer the following questions. A company is analyzing an independent project, S, whose cash flows are shown below: Year 0 Year

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Use the information to answer the following questions. A company is analyzing an independent project, S, whose cash flows are shown below: Year 0 Year 1 Year 2 Year 3 Year 4 Cashflow |-100 60 35 30 20 The company's cost of capital is 9%, and it can get an unlimited amount of capital at that cost. What is the payback period for Project S? Select one: a. 2.99 years b. 2.17 years c. 2.33 years O d. 2.67 years e. 3.20 years

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