A company can purchase a piece of equipment for $5,430. The equipment has a three-year life and will produce cash inflows of $1,750 in each of the first and second years and $3,990 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? options: 2.42 2.48 2.55 2.61 2.67