Baxter's Market is considering opening a new location with an initial cost of $548,700. This location is expected to generate cash flows of $242,400, $201,500,$187,800, and $241,000 in Years 1 to 4 . What is the payback period? 2.56 years 3.04 years 2.18 years 2.93 years Baxter's Market is considering opening a new location with an initial cost of $548,700. This location is expected to generate cash flows of $242,400, $201,500,$187,800, and $241,000 in Years 1 to 4 . What is the payback period? 2.56 years 3.04 years 2.18 years 2.93 years