Hanley Company Has Purchased a Machine for $125,000 That Will

Hanley Company has purchased a machine for $125,000 that will be depreciated on the straight-line basis over a five-year period with no salvage value. The related cash flow from operations is expected to be $45,000 a year. These cash flows from operations occur uniformly throughout the year. (Ignore income taxes in this problem.)
-What is the payback period for this investment?

A) 2.1 years.
B) 2.3 years.
C) 2.8 years.
D) 4.2 years.