Question 7 (2 points) Determine the payback period in years for a project that costs $20,000 and would yield after-tax cash flows of $5,000 the first year, $7,000 the second year, $10,000 the third year, $12,000 the fourth year, $16,000 the fifth year, and $22,000 the sixth year. 2.64 2.36 2.80 2.27 2.95