Find Payback Period in years. Baxter's Market is considering opening a new location with an initial cost of $428,700. This location is expected to generate cash flows of $132,400, $161,500, $187,800, and $201,000 in Years 1 to 4. What is the payback period?

1.86 years

2.72 years

1.31 years

2.54 years

2.31 years