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Year 0: (102.4 million) Year 1: 37.4 million Year 2: 33.1 million Year 3: 28.4 million Year 5: 17.1 million Year 6: 15.9 million What

Year 0: (102.4 million)

Year 1: 37.4 million

Year 2: 33.1 million

Year 3: 28.4 million

Year 5: 17.1 million

Year 6: 15.9 million

What is the payback period for this stream of cash flows if the discount rate is 16%?

2.84 years

2.96 years

3.05 years

3.14 years

3.55 years

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