VitalSource Booksh... A company is considering two projects. Initial investment Cash inflow Year 1 Cash inflow Year 2 Cash inflow Year 3 Cash inflow Year 4 Cash inflow Year 5 Project 1 $120,000 $40,000 $40,000 $40,000 $40,000 $40,000 Project II $120,000 $20,000 $20,000 $32,000 $48,000 $50,000 What is the payback period for Project I? a. 3.5 years b. 1 year c. 3 years d. 5 years De. 2.5 years