Aetna Inc has a project with initial investment requiring $-160,000 and the following cash flows will be generated for the following 5 years at the end of each year because of the project: $40,000; $206,000; $134,000; $134,000; and $140,000 respectively. If the required rate of return is 0.12, find the payback period (PB) of the project. none of the answers is correct O 2.70 years O 1.15 years O 1.58 years O 1.53 years

Aetna Inc has a project with initial investment requiring $160,000 and the following cash flows will be generated for the following 5 years at the end of each year because of the project: $40,000; $206,000;$134,000;$134,000; and $140,000 respectively. If the required rate of return is 0.12 , find the payback period (PB) of the project. none of the answers is correct 2.70 years 1.15 years 1.58 years 1.53 years Aetna Inc has a project with initial investment requiring $160,000 and the following cash flows will be generated for the following 5 years at the end of each year because of the project: $40,000; $206,000;$134,000;$134,000; and $140,000 respectively. If the required rate of return is 0.12 , find the payback period (PB) of the project. none of the answers is correct 2.70 years 1.15 years 1.58 years 1.53 years