Question: EKG, Incorporated, is considering a new project that will require an initial cash investment of $ 4 1 9 , 0 0 0 . The

EKG, Incorporated, is considering a new project that will require an initial cash investment of $419,000. The project will produce no cash flows for the first two years. The projected cash flows for Years 3 through 7 are $69,000, $98,000, $109,000, $145,000, and $165,000, respectively. How long will it take the firm to recover its initial investment in this project?

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