Consider thenew product launch project that Maxwell-Cone Enterprises is considering. The CA-200 project is a proposed EV Go-Kartthat requires an initial investment of $1,500,000 in production infrastructure in 2019 (year 0) for production to begin in 2020. Free Cash Flows for the project for years 1 - 8 are shown below.The introduction of a new product at year 9 will terminate further cash flows from this project.Assume a cost of capitalof 15% where necessary to solve the following problems.

Year

CA-200

0 -$1,500,000

1 $320,000

2 $350,000

3 $385,000

4 $425,000

5 $470,000

6 $400,000

7 $201,000

8 $75,000

What is the undiscounted Payback Period for project CA-200 Go-Kart Project