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What is the payback period on Popeye's purchase of a new pleasure boat for his tourist business? The expected cash flows appear below. (note: payback

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What is the payback period on Popeye's purchase of a new pleasure boat for his tourist business? The expected cash flows appear below. (note: payback is in years; round to 2 decimals) Year O cash flow -8,700,000 Year 1 cash flow 4,400,000 Year 2 cash flow 3,600,000 Year 3 cash flow 4,000,000 Year 4 cash flow 3,100,000 Year 5 cash flow 4,100,000 Year 6 cash flow 4,400,000

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