Problem 10.18 Creative Solutions, Inc., has just invested $5,260,700 in new equipment. The firm uses a payback period criteria of not accepting any project that takes more than four years to recover its costs. Management anticipates cash flows of $647,800, $723,100, $840,100, $1,228,300, $2,330,300, and $2,032,100 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 years. Should Creative Solutions, Inc. go ahead with this project? The firm the project.