Payback: Creighton, Inc., has invested $2,000,000 on equipment. The firm uses payback period criteria of not accepting any project that takes more than four years to recover costs. The company anticipates cash flows of $400,000, $500,000 $600,000. $700,000, and $800,000 over the next five years. What is the payback period, and does this investment meet the firm's payback criteria? 3.429 years: yes 4.291 years; no 3.714 years: yes 3.857 years: yes