$$Bytown Company$$is considering a project that would require

a $$400,000$ investment and would generate the following savings:

Year $1-$ $$55,000,$ Year $2-$ $$120,000,$ Year $3-$ $$180,000,$ Year $4-$

$$215,000,$ Year $5-$ $$100,000,$ Year $6-$ $$80,000.$ Based on this

information, what is the payback period of this project rounded to

one decimal place.Multiple Choice$4\mathrm{.}2$ years$3\mathrm{.}7$ years$3\mathrm{.}2$ years$4\mathrm{.}7$ yearsNone of the above