Beduin Services Is Considering an Investment of $25,000 $\begin{array}{cr}\text { Year } & \text { Cash Flow } \\\hline 1 & \$ 10,000 \\2 & 11,000 \\3 & 8,000 \\4 & 15,000 \\5 & 15,000\end{array}$

Multiple Choice

Beduin Services is considering an investment of $25,000. Data related to the investment are as follows: $\begin{array}{cr}\text { Year } & \text { Cash Flow } \\\hline 1 & \$ 10,000 \\2 & 11,000 \\3 & 8,000 \\4 & 15,000 \\5 & 15,000\end{array}$ Cost of capital is 14 percent. What is the payback period in years approximated to two decimal points, assuming no taxes are paid?

A) 2.12
B) 4.00
C) 3.00
D) 2.50