Current Attempt in Progress Binder Corp. has invested in new machinery at a cost of $1,450,000. This investment is expected to produce cash flows of $640,000, $715,250, $823,330, and $907,125 over the next four years. What is the payback period for this project? O 3.00 years O 1.88 years O 2.12 years O 4.00 years

Binder Corp. has invested in new machinery at a cost of $1,450,000. This investment is expected to produce cash flows of $640,000, $715,250,$823,330, and $907,125 over the next four years. What is the payback period for this project? 3.00 years 1.88 years 2.12 years 4.00 years