D Question 32 3 pts Jack Sprat Inc. wants to know if they invest 11,548 in new exercise equipment, plus $2,000 for installation, how long before they will receive their initial invest back from future cash flows? What is the payback period for the initial costs? Projected Cash flows Year 1:5,000 Year 2: 7,000 Year 3: 4.00 Year 4: 1.000 Post your answer as number of years with 2 decimal places, for example 5.55