White Plc has identified a capital investment project with the following schedule of incremental cash flows: Time 0: investment of 300,000 (outflow) Time 1: inflow of 120,000 Time 2: inflow of 140,000 Time 3: inflow of 90,000 Time 4: inflow of 60,000 What is the payback period for this project? 2.44 years 3.44 years 3.55 years 2.55 years