Project M is considering a project that has the following cash flow data. What is the project's Payback Period? CASHFLOW YEAR 0 -$1,000,000 1 $400,000 2 3 $375,000 $425,000 $800,000 4 Multiple Choice 2.556 years 2.643 years 2.579 years 2.474 years Project M is considering a project that has the following cash flow data. What is the project's Payback Period? CASHFLOW YEAR 0 -$1,000,000 1 $400,000 2 3 $375,000 $425,000 $800,000 4 Multiple Choice 2.556 years 2.643 years 2.579 years 2.474 years