Project M is considering a project that has the following cash flow data. What is the project payback period ?

Project M is considering a project that has the fol YEAR CASHFLOW 0 -$1,000,000 1 $400,000 2 $475,000 22 3 $325,000 4 $800,000 Multiple Choice 2.273 years 2.429 years 2385 years 2467 years 2.333 years