Tutti 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 three years. The projected cash flows for years 4 through 8 are $60,000, $100,000, $160,000, $180,000, and $145,000, respectively. How long will it take the firm to recover its initial investment in this project? 5.25 years 4.92 years 6.21 years 5.88 years