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You are evaluating a 4 - year project, and its cash flows are ( $ 5 3 , 0 0 0 ) , $ 1

You are evaluating a 4-year project, and its cash flows are ($53,000), $19,000, $26,000, $22,000, $24,000 for years 0 to 4, respectively. What is the project's payback period? Note the number in () means negative.
Question 9 options:
2.04
2.36
2.63
2.93
3.10
3.40

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