Question 16. Haig Aircraft is considering a project that has an up-front cost paid today at t = 0. The project will generate positive cash flows of $45,966 a year at the end of each of the next 7 years. The project's NPV is $42,263 and the company's WACC is 14.2%. What is the project's regular payback? 3.44 years 3.54 years 3.14 years 3.24 years 3.34 years