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Consider the following cash flows: What is the payback period for the cash flows? Note: Do not round intermediate calculations and round your answer to

Consider the following cash flows:

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What is the payback period for the cash flows?

Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.

\begin{tabular}{cr} Year & Cash Flow \\ 0 & $6,200 \\ 1 & 1,800 \\ 2 & 3,500 \\ 3 & 1,600 \\ 4 & 1,300 \end{tabular}

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