Bixby Inc. is evaluating expansion into a new market. The firm estimates an after-tax cost of $1,600,000 and forecast that such an investment wil yield after-tax cash flows for 5 years: $700,000 in year 1, $600,000 in year 2, $700,000 in year 3, $300,000 in year 4, and $500,000 in year 5. If the CFO of Bixby has set a required payback period of 2.1 years, what is the project's actual payback period (in yoars) and should they pursue it? 32 , then pursue the project O 2.4, then pursue the project @ 2.8then pursue the project 2.4 , then do not purse the proyect 2.8, then do not purse the project