A project is expected to demand initial upfront investment of $200,000. The project is expected to generate $25,000 cash inflow in the first year, $70,000 in the second year, $85,000 in the third year, and $100,000 in the fourth year. How long is the payback period? Longer than 3 years but shorter than 4 years Roughly 3 years Roughly 1 year Roughly 2 years Agent should always maximize book value of the firm for the owners. True False