Sales Agent John Eric Smart is assigned to a project JPP. Now he is very aware of the pitfalls of project analysis. In a class at Durham he was reminded of the three wise mice that governed the success of all projects. After extensive study of a book labelled "Beware: Lessons Learned" by his old prof. He proceeds to calculate the payback period of project JPP. The following table is the estimate of the cash flow that will take place over the next few years in the life of the project as provided by his business analysis expert. He quickly calculates the payback of Project JJP. Which of these is the correct payback? Years Inflows Outflows 0 $1,000,000 1 $500,000 2 $275,000 $100,000 3 $350,000 4 $350,000 5 $525,000 6 $625,000 7 $450,000 Question 13 options: a) None of these b) 5 Years c) 295 Weeks d) 6 Years e) 62 Months