What is the payback period for a project with an initial investment of $180,000 that provides an

annual cash inflow of $40,000 for the first three years and $25,000 per year for years four and five,
and $50,000 per year for years six through eight

?
A) 5.80 years B) 5.59 years C) 5.20 years D) 5.40 years

C