26. Young Corporation is considering an investment in new equipment costing $155,000. The equipment is expected to generate net cash inflows of $45,000 the first year, $65,000 the second year, and $90,000 every year thereafter until the fifth year. The equipment is expected to have a salvage value of $10,000 at the end of the fifth year. What is the payback period for this investment?

Group of answer choices

3.44 years

2.50 years

1.72 years

2.04 years