You are considering a project with an initial cost of $$4,300.$ What is the payback period for this project if the cash inflows are $$550,$ $$970,$ $$2,600,$ and $$500$ a year over the next four years? A$.2\mathrm{.}04$ years

B$.2\mathrm{.}36$ years

C$.2\mathrm{.}89$ years

D$.3\mathrm{.}04$ years

E$.3\mathrm{.}36$ years

Please dont use excel and try to break it down relatively simple. Thank you!