A new project will have an intial cost of $60,000. Cash flows from the project are expected to be $4,000, $8,000, $16,000, and $20,000, $24,000, and $32,000 over the next 6 years, respectively. Assuming a discount rate of 14%, what is the project's Payback Period? 4.77 4.50 4.68 4.32 4.91