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What is the payback period for a 27500 investment with the following cash flows ? year 1 6200 Year 2 7800 year 3 8600 year

What is the payback period for a 27500 investment with the following cash flows ?

year 1 6200

Year 2 7800

year 3 8600

year 4 9100

year 5 9900

I got 3.54 but my friend got 4.54 . which is right ? Options: 3.54 4.54 3.89 4.22

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