urgent

Siegmeyer Corp. is considering a new inventory system, Project A, that will cost $800,000. The system is expected to generate positive cash flows over the next four years in the amounts of $350,000 in year one,

$325,000 in year two, $400,000 in year three, and $200,000 in year four. Siegmeyer's required rate of return is 12%.

What is the payback period of this project?

O 4.00 years

O 3.13 years

O 2.50 years

O 2.32 years