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Your firm has estimated the following cash flows for a capital investment project. The firm's required rate of return is 12%. Which of the following

Your firm has estimated the following cash flows for a capital investment project. The firm's required rate of return is 12%. Which of the following is closest to the payback period for the project? Cash Flow -$136,000 at time 0 43,350 at year 1 33,350 at year 2 23,350 at year 3 23,350 at year 4 43,350 at year 5

Group of answer choices

3.5 years

2 years

2.5 years

4.29 years

3.29 years

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