Sheridan Solutions, Inc., has just invested $$5,288,700$ in new equipment. The firm uses a payback period criterion of rejecting any

project that takes more than four years to recover its costs. Management anticipates cash flows of $$494,300,$$$750,400,$$$1,087,300,$

$$1,327,500,$$$2,098,300,$ and $$2,652,000$ over the next six years. $($Round answer to $2$ decimal places, e$.$g$.15\mathrm{.}25.)$

What is the payback period of this investment?

Payback period is

years.

Should Sheridan Solutions, Inc. go ahead with this project?

The firm