Eligma has invested in new machinery at a cost of $1,150,000. This investment is expected to produce cash flows of $640,000, $750,000, $860,000, and $920,000 over the next four years. What is the payback period for this project? (Round your answer to two decimal places.) O2.28 years 1.88 years O2.12 years 2.37 years Question 5 1 pts Helcim, Inc., has six-year bonds outstanding that pay an 8.25 percent coupon rate. Investors buying the bond today can expect to earn a yield to maturity of 6.875 percent. How much will you be willing to pay for Helcim's bond today? Assume annual coupon payments. (Do not round intermediate computations. Round your final answer to the nearest dollar.) $1,066 $1,014 O $923 O $972