Green Way Packaging Is Considering a $600,000 Investment in New

Green Way Packaging is considering a $600,000 investment in new equipment that is anticipated to produce the following data over a five-year life:
Ignoring income taxes and assuming that cash flows occur evenly throughout a year,the equipment's approximate payback period is:

A) 1 year,7 months.
B) 2 years,1 month.
C) 2 years,5 months.
D) over 5 years.
E) some other period of time not noted abovE.