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Compute the Payback Periods for a project with the following cash flows, if the companys discount rate is 12.99%. Initial outlay = -$10,000 Cash flows:

Compute the Payback Periods for a project with the following cash flows, if the companys discount rate is 12.99%.

Initial outlay = -$10,000

Cash flows: Year 1 = $2500

Year 2 = $4700

Year 3 = $1,628.8

Year 4 = $3,425.13

Year 5 = $2891

Please round your answer to the second decimal. E.g. 1.23

Please show work.

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