Question 6: Yankees Inc. has a required rate of return of 16% and is debating a new investment project that will cost $500,000. The project will result in cash inflows of $100,000 in year 1, $120,000 in year 2, $120,000 in year 3, 150,000 in year 4, $200,000 in year 5 and $220,000 in year 6. What is the payback period for Yankees Inc. for this investment