Question 29 1 pts What is the payback period of a project that has an initial cash outflow of $5,000, at time 0, and the following cash inflows? The required return is 10.0%. Year Cash Inflows 1 $1,000 2 $2,000 3 $2,000 4 $3,000 5 $2,000 6 $1,000 2.5 years 5 years 3.5 years None of these are correct. 3 years