3.An investment of $200,000 is expected to generate the following cash inflows in six years: Year 1: $70,000 Year 2: $60,000 Year 3: $55,000 Year 4: $40,000 2 Year 5:$30,000 Year 6: $25,000 Required: Compute payback period of the investment. Should the investment be made if management wants to recover the initial investment in 3 years or less? ( 3 marks)