Pmows incorporated was considering an investment in the following project RequiredinitialinvestmentNetannualafter-taxcashinflowAnnualdepreciationexpense(($970,000$159,000)/20years)EstimatedsalvagevalueLifeoftheprojectinyears$970,000$161,000$40,550$159,00020 Assume that cash inflows occur evenly throughout the year. The estimated payback period in years (rounded to one decimal place) for the proposed project is: 3.7 years. 5.8 years. 7.9 years. 6.0 years. 4.6 years