Back to Assignment Attempts: 6. The payback period Keep the Highest: /3 Aa Aa Consider this case: Vandelay Industries Inc. is considering a project that will require an initial investment of $550,000. The company's CFO wants to know how long it will take to recover its initial investment in the project. The project's expected net cash flows are: Year Cash Flow Year 1 $275,000 Year 2 $500,000 Year 3 $425,000 Based on this information, determine the project's payback period. 1.55 years O 1.71 years O 1.40 years O Type here to search