The Zinger Corporation is considering an investment that has the following data:

Year 1 Year 2 Year 3 Year 4 Year 5

Investment $16,000 $4,600

Cash inflow $3,600 $3,600 $8,200 $5,600 $5,600

Cash inflows occur evenly throughout the year. The payback period for this investment is: (Round your answer to 1 decimal place)

answer options

3 years

3.9 years

4 years

4.9 years