5. A company is considering a proposal to invest $40,000 in a project that would provide the following net cash flows:

Year 1

$6,500

Year 2

12,700

Year 3

15,000

Year 4

12,800

Compute the project's payback period. Show your work for credit. Hint: Use the payback period calculation with uneven cash flows since this problem has uneven net cash flows. See example in the textbook. (1 point)