A company is reviewing a capital investment of $50,000. This project's projected cash flows over a five-year period are estimated at $16,000 each year. Assuming a 12% hurdle rate, calculate the payback period and the breakeven time (BET). The payback period (PP) and the breakeven time (BET) are:\
A) PP is 2.5 years; BET is 3.15 years.
B) PP is 3.1 years; BET is 4.0 years.
C) PP is 4.14 years; BET is 3.50 years.
D) PP is 3.13 years; BET is 4.14 years.
E) PP is 3.13 years; BET is 2.5 years.
F) PP is 2.0 years; BET is 3.0 years.