Woodgate Inc. is considering a project that has the following after-tax operating cash flows (in millions of dollars):

Project

YearCash Flow

0-$300

1125

275

3200

4100

Woodgate Inc.'s finance department has concluded that the project has a 10 percent cost of capital and the NPV is $94.18 million. What is the project's payback period?

Select one or more:

a.2.5

b.3.0

c.2.0

d.2.83

e.2.65