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6.67 pts You are considering a new investment for your firm. The project requires an initial outlay of $125,000. In addition, after-tax cash flows

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6.67 pts You are considering a new investment for your firm. The project requires an initial outlay of $125,000. In addition, after-tax cash flows are $45,000 for year 1, $45,000 for year 2, $55,000 for year 3, $60,000 for year 4, $90,000 for year 5 and $95,000 for year 6. The appropriate discount rate for this project is 12 percent. What is the payback period for this project? O 2.64 years O2.11 years O 3.87 years O 3.41 years O 4.29 years

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