an investment project has annual cash inflows of 3200, 4600, 5800, 6700.....

Question 4 (1 point) An investment project has annual cash inflows of $3,200, $4,600, $5,800, and $6,700 for the next four years, respectively. The discount rate is 10 percent. What is the payback period for these cash flows if the initial cost is $16,000? Enter your answer as years with 2 digits to the right of the decimal point in the box shown below. Your