A company can purchase a piece of equipment for $4,680.The equipment has a three-year life and will produce cash inflows of $1,500 in each of the first and second years and $3,440 in the third year.What is the project's simple payback period (in number of years) assuming that the cash inflows are received uniformly over each respective year?

Question 9 options:

2.43

2.49

2.55

2.61

2.68