Suppose a comapny puts a payback cutoff of 2.5 years for its international investment projects. If the company has the following project available: it has cost $75,000, and earns $35,000 in the first year, $31,000 in the second year, $21,000, and $8,000 for the third and fourth year. Whats the payback period for the first project? Please show work!!!