Question: D Question 13 3.34 pts Auto Corp. is evaluating a capital project using the payback method. The project has an initial cash outflow of $750,000

 D Question 13 3.34 pts Auto Corp. is evaluating a capital

D Question 13 3.34 pts Auto Corp. is evaluating a capital project using the payback method. The project has an initial cash outflow of $750,000 and the annual after-tax cash inflows for the project are below. For capital projects management requires a rate of return of 13.0%. Cash inflows are as follows: year 1 $175,000 year 2 $175,000 year 3 $200,000 year 4 $100,000 year 5 $100,000, year 6 $75,000, and year 7 $50,000 How many years is the payback period of the project

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