19) Siegmeyer Corp is considering a new inventory system, Project A will cost $800,000. The system is expected to generate positive cash flows over the next four years in the amounts of $350,000 in year one, $325,000 in year two, $400,000 in year three, and $200,000 in year four. Siegmeyer's required rate of return is 12%. What is the payback period of this project? a) 4.00 years b) 3.13 years c) 2.50 years d) 2.32 years