calculate the payback period for the following scenario: Harford Undercover LLC has an opportunity to expand their mold remediation operation. Their innovative approach is very effective and highly in demand. To expand their operation, they are seeking to build a second facility in southern New England. The cost to build the new facility, fit up and provide for additional start up working capital is $880,000, and carries an opportunity cost to implement 1%. Year 1, business at the new location will produce $350,000 in cashflow, years 2 to 4 will produce $250,000 cashflow each year, and year 5 will produce $200,000 in cashflow. Conservatively, management is looking at basing their decision solely on this 5-year forecast