Vulcan Materials is considering a new inventory system that will cost $1,125,000. The system is expected to generate positive cash flows over the next four years in the amounts of $550,000 in year one, $450,000 in year two, $275,000 in year three, and $350,000 in year four. Vulcan Materials required rate of return is 10%. What is the payback period of this project? O2.45 years O 2.75 years O 3.10 years O2.00 years