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Question 10 1 pts Payback: Creighton, Inc., has invested $2,100,000 on equipment. The firm uses payback period criteria of not accepting any project that takes

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Question 10 1 pts Payback: Creighton, Inc., has invested $2,100,000 on equipment. The firm uses payback period criteria of not accepting any project that takes more than four years to recover costs. The company anticipates cash flows of $400,000 $500,000. $600,000. $700,000, and $800,000 over the next five years. What is the payback period, and does this investment meet the firm's payback criteria? O 3.429 years: yes O 4.291 years no O 3.714 years, yes 3.857 years: yes

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