The American Pharmaceutical Company (APC) has a policy that all capital investments must have a four-year or less discounted payback period in order to be considered for funding. The MARR at APC is 6% per year. Is the above project able to meet this benchmark for funding? Click the icon to view the interest and annuity table for discrete compounding when the MARR is 6% per year. The payback period is years. (Round to the nearest whole number.) \begin{tabular}{|c|c|c|c|c|c|c|} \hline & \begin{tabular}{l} Compound \\ Amount \\ Factor \end{tabular} & \begin{tabular}{c} Present \\ Worth Factor \end{tabular} & \begin{tabular}{c} Compound \\ Amount \\ Factor \end{tabular} & \begin{tabular}{c} Present \\ Worth Factor \end{tabular} & \begin{tabular}{l} Sinking \\ Fund \\ Factor \\ \end{tabular} & \begin{tabular}{c} Capital \\ Recovery \\ Factor \\ \end{tabular} \\ \hlineN & \begin{tabular}{c} To Find F \\ Given P \\ FIP \end{tabular} & \begin{tabular}{c} To Find P \\ Given F \\ PIF \end{tabular} & \begin{tabular}{c} To Find F \\ Given A \\ FIA \end{tabular} & \begin{tabular}{c} To Find P \\ Given A \\ PIA \end{tabular} & \begin{tabular}{c} To Find A \\ Given F \\ A/F \end{tabular} & \begin{tabular}{c} To Find A \\ Given P \\ A/P \end{tabular} \\ \hline 1 & 1.0600 & 0.9434 & 1.0000 & 0.9434 & 1.0000 & 1.0600 \\ \hline 2 & 1.1236 & 0.8900 & 2.0600 & 1.8334 & 0.4854 & 0.5454 \\ \hline 3 & 1.1910 & 0.8396 & 3.1836 & 2.6730 & 0.3141 & 0.3741 \\ \hline 4 & 1.2625 & 0.7921 & 4.3746 & 3.4651 & 0.2286 & 0.2886 \\ \hline 5 & 1.3382 & 0.7473 & 5.6371 & 4.2124 & 0.1774 & 0.2374 \\ \hline 6 & 1.4185 & 0.7050 & 6.9753 & 4.9173 & 0.1434 & 0.2034 \\ \hline 7 & 1.5036 & 0.6651 & 8.3938 & 5.5824 & 0.1191 & 0.1791 \\ \hline 8 & 1.5938 & 0.6274 & 9.8975 & 6.2098 & 0.1010 & 0.1610 \\ \hline 9 & 1.6895 & 0.5919 & 11.4913 & 6.8017 & 0.0870 & 0.1470 \\ \hline 10 & 1.7908 & 0.5584 & 13.1808 & 7.3601 & 0.0759 & 0.1359 \\ \hline 11 & 1.8983 & 0.5268 & 14.9716 & 7.8869 & 0.0668 & 0.1268 \\ \hline 12 & 2.0122 & 0.4970 & 16.8699 & 8.3838 & 0.0593 & 0.1193 \\ \hline 13 & 2.1329 & 0.4688 & 18.8821 & 8.8527 & 0.0530 & 0.1130 \\ \hline 14 & 2.2609 & 0.4423 & 21.0151 & 9.2950 & 0.0476 & 0.1076 \\ \hline 15 & 2.3966 & 0.4173 & 23.2760 & 9.7122 & 0.0430 & 0.1030 \\ \hline \end{tabular}