A proposal requires a cash outflow of Rs. 18,500 and is expected to generate cash inflows of Rs. 8,000, Rs. 6,000, Rs. 4,000, Rs. 2,000 and Rs. 2,000 over next 5 years respectively. The payback period is
1
4 Years
2
3.25 Years
3
3.50 Years
4
4.25 Years