Young Corporation Is Considering Purchasing Equipment That Costs $80,000 and Is

Young Corporation is considering purchasing equipment that costs $80,000 and is expected to provide the following cash inflows over its five-year useful life: $\begin{array}{|l|l|}\hline \text { Year } & \text { Cash inflow } \\\hline 1 & \$ 18,000 \\\hline 2 & 22,000 \\\hline 3 & 24,000 \\\hline 4 & 16,000 \\\hline 5 & 9,000 \\\hline\end{array}$ What is the payback period of this investment project (rounded to the nearest year) ?

A) 2 years
B) 4 years
C) 3 years
D) 6 years