Turnbull Company is in the process of constructing a new plant at a cost of $30 million. It expects the project to generate cash flows of $13,000,000, $23,000,000, and 29,000,000 over the next three years. What is the payback period for this project?

Question 19 options:

a)1.74 years

b)2.2 years

c)1.2 years

d)None of the above