A company is considering two projects. Project A Project B Initial investment $300,000 $300,000 Cash inflow Year 1 $60,000 $90,000 Cash inflow Year 2 $60,000 $80,000 Cash inflow Year 3 $60,000 $80,000 Cash inflow Year 4 $60,000 Cash inflow Year 5 $60,000 $70,000 What is the payback period for Project B? Select one: O a. 2 years O b. 5 years O c. 3.5 years O d. 4 years e. 3 years