Siegmeyer Corp is considering a new inventory system that 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