What is the payback for a project that requires a $10,100 initial investment and returns $3,200 the next year and $2,100 per year after that?

(Round your answer to the nearest year)

Responses

a. The payback period is 4 years and 3 months. b. The payback period is 3 years and 3 months. c. The payback period is 3 years and 5 months. d. The payback period is 4 years and 5 months