You Corp is considering a new inventory system that will cost $850,000. The system is expected to generate positive cash flows over the next four years in the amounts of $250,000 in year one, $340,000 in year two, $175,000 in year three, and $280,000 in year four. You Corp.s required rate of return is 12%. What is the payback period of this project?

		4 years
		3.3 years
		2.9 years
		3.7 years