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Tanzanite Company is considering a new project that will require an initial cash investment of $200,000. The project will produce no cash flows for the

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Tanzanite Company is considering a new project that will require an initial cash investment of $200,000. The project will produce no cash flows for the first two years. The projected cash flows for years 3 through 7 are $50,000, $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? 2.50 years 3.88 years 5.92 years 4.33 years

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