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You are consider a project with an initial investment of $1,700,000. The predicted cash flows of the project for the following 4 years are: Year

image text in transcribed You are consider a project with an initial investment of $1,700,000. The predicted cash flows of the project for the following 4 years are: Year 1: $800,000 Year 2: $800,000 Year 3: $300,000 Year 4: $200,000 What is the payback period? Do not discount the cash flows. 2.33 2.29 2.25 2.11 2.22

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