North Cascades Company is considering a new project that will require an initial cash investment of $250,000. The project will produce no cash flows for the first two years. The projected cash flows for years 3 through 7 are $50,000, $100,000, $150,000, $200,000, and $40,000, respectively. How long will it take the firm to recover its initial investment in this project? 5.50 years 4.67 years 2.67 years 3.33 years