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Determine the payback period in years for a project that costs $ 4 2 , 0 0 0 and would yield after - tax cash

Determine the payback period in years for a project that costs $42,000 and would yield after-tax cash flows of $7,000 the first year, $9,000 the second year, $12,000 the third year, $14,000 the fourth year, $18,000 the fifth year, and $24,000 the sixth year.
Question 7 options:
3.24
3.38
3.77
4.00
4.21

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