Question: DYI Construction Co. is considering a new inventory system that will cost $750,000. The system is expected to generate positive cash flows over the next

DYI Construction Co. is considering a new inventory system that will

DYI Construction Co. is considering a new inventory system that will cost $750,000. The system is expected to generate positive cash flows over the next four years in the amounts of $350,000 in year one, $325,000 in year two, $350,000 in year three, and $180,000 in year four, DYI's required rate of return is 8%. What is the payback period of this project? O 4.00 years O 3.09 years O 2.21 years O 250 years

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