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Please provide step by step explanation Oneonta uses the Payback Method for Capital Budgeting: Suppose it has a t = 0 cash flow of -$1,050,

Please provide step by step explanation

Oneonta uses the Payback Method for Capital Budgeting: Suppose it has a t = 0 cash flow of -$1,050, followed by cash flows of $400 at t = 1, $500 at t = 2, $180 at t = 3 and 150 at t = 4. What is the Payback for Oneonta? Input in units of years to a two-place precision.

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