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

Year	Project Cashflow
0	-320
1	135
2	110
3	100
4	200

* The project has a WACC of 10%

What is the project's payback period?

Group of answer choices

2.4 years

2.75 years

2.65 years

2.5 years

2.35 years