Question 24 (4 points) Listen Tangshan Mining company's new project will cost $5,000,000 and it is expected to provide cash inflows of $1,900,000 in Year 1, $1,800,000 in Year 2, $1,700,000 in Year 3, and $1,600,000 in Year 4. How long will it take the firm to recover its initial investment in this project? 3.33 years 2.76 years 2.94 years 3.14 years 1.40 years