Oriole Solutions, Inc., has just invested $3,689,400 in new equipment. The firm uses a payback period criteria of rejecting any project that takes more than four years to recover its costs. Management anticipates cash flows of $788,400, $1,012,200, $823,000, $1,051,700, $2,231,700, and $2,465,500 over the next six years. (Round answer to 2 decimal places, e.g. 15.25.) What is the payback period of this investment?

Payback period is enter a number of years for the payback period rounded to 2 decimal places years.

Should Oriole Solutions, Inc. go ahead with this project?

The firm select an option should not acceptshould go ahead with the project.