Vandezande Inc. is considering the acquisition of a new machine that costs $370,000 and has a useful life of 5 years with no salvage value. The incremental net operating income and incremental net cash flows that would be produced by the machine are:

	Year 1	Year 2	Year 3	Year 4	Year 5
Incremental net cash inflows	$128,000	$105,000	$126,000	$123,000	$122,000
Incremental net operating income	$54,000	$31,000	$52,000	$49,000	$48,000

The payback period of this investment, rounded off to the nearest tenth of a year, is closest to:

		A) 2.9 years
		B) 4.9 years
		C) 3.1 years
		D) 5.0 years