Question: Nano Specialist is considering an upgrade project. The estimated cash flows from the upgrade project appear below. What is the project's payback period? Note

Nano Specialist is considering an upgrade project. The estimated cash flows from

Nano Specialist is considering an upgrade project. The estimated cash flows from the upgrade project appear below. What is the project's payback period? Note that year 0 and year 1 cash flows are negative. (Answer in years, round to 2 places) Year 0 cash flow = -88,000 Year 1 cash flow = -54,000 Year 2 cash flow = 14,000 Year 3 cash flow = 31,000 Year 4 cash flow = 29,000 Year 5 cash flow = 34,000 Year 6 cash flow = 42,000 Year 7 cash flow = 23,000 Answer:

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