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This question and the next two questions are based on the following information: Shannon Industries Inc. is considering a project that has the following cash

This question and the next two questions are based on the following information:

Shannon Industries Inc. is considering a project that has the following cash flows over the next four years: CF

0 = -

6, 500, C F 1 =

2, 000, C F 2 =

3, 000, C F 3 =

3, 000,

and

C F 4 =

1, 500 .

What is the payback period for the investment project?

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