Company ABC is considering investing in a new project. The project requires an initial investment of $200,000 and is expected to generate cash flows as follows:

• Year 1: $50,000
• Year 2: $70,000
• Year 3: $80,000
• Year 4: $90,000
• Year 5: $100,000

Calculate the payback period for the investment and assess its attractiveness based on this criterion.