Sunny Company is considering a new project that will require an initial cash investment of $180,000. The project will produce no cash flows for the first two years. The projected cash flows for years 3 through 7 are 550,000 $100,000, $150,000, $200.000, and $40,000, respectively. How long will it take the firm to recover its initial investment in this project? 2 20 years 3.92 years 420 years 588 years QUESTION 20 4 points Which one of the following indicates a project has a rate of return that exceeds its required return? o a positive NPV O a positive accounting rate of return Ba Pless than 10 Da payback period that exceeds the required period