Bradshaw Inc The Cash Payback Period Is
A)3

Bradshaw Inc. is contemplating a capital investment of $88,000. The cash flows over the project's four years are: $\begin{array}{ccc}\text { Expected Annual }&\text { Expected Annual }\\\text { Year } & \text { Cash Inflows } & \text { Cash Outflows } \\1 & \$ 30,000 & \$ 12,000 \\2 & 45,000 & 20,000 \\3 & 60,000 & 25,000 \\4 & 50,000 & 30,000\end{array}$ The cash payback period is

A) 3.59 years.
B) 3.50 years.
C) 2.37 years.
D) 3.20 years.