Moving to another question will save this response Clown estion 5 Siegmeyer Corp. is considering a new inventory system, Project A that will cost $2,400,000. The system is expected to generate positive can tower the rest to enter $700,000 in year one, $900,000 in year two, $1,000,000 in year three, and $1.200,000 in year four. Siegmeyer's required rate ofreu 16% What is the payback period of this project? 4.00 years 3.33 years 2.80 years 2.32 years 888 % 5 # 3 4 2 R E