Question: Please answer quickly, thank you so much! M18 - Gojo Industries plans to expand its current manufacturing facility in Akron Ohio in response to demand
Please answer quickly, thank you so much!

M18 - Gojo Industries plans to expand its current manufacturing facility in Akron Ohio in response to demand for its products because of the COVID-19 virus. The nsion project will require an initial cash outlay of $72,000,000 and is expected to generate cash inflows from operations of $35,000,000 every year for the next five (5) years at which time the project will be closed and the facility and equipment sold for an expected $25,000,000. Gojo uses a required rate of return of 12.75% for this project. Calculate the project's Payback Period (closest answer) O 1.5 Years 0 2 Years O2.8 Years O 3.2 Years
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