What is the payback period for a $16,700 investment with the following cash flows: Year 1: $2,100; Year 2: $6,800; Year 3: $4,600; Year 4: $7,300; Year 5: $5,100.

Group of answer choices

3.67 years

3.89 years

3.12 years

3.44 years

2.12 years