You are looking into an investment with the following cash flows and your required rate of return is 17%.

Year	Cash Flow
0	-1,500
1	400
2	450
3	500
4	550
5	700

What is the payback period for this investment?

Select one:

a.

4 years

b.

5 years

c.

3 years

d.

2 years

Clear my choice