Required information Skip to question Using a required rate of return of 12%. Perpetual Power Machine Co. Purchase of a New High Machining Tool Year Cash Flow Year 1 $500 Year 2 500 Year 3 3,000 Year 4 3,000 Year 5 10,000 What is this project's payback period if initial capital investment is $7,500? Multiple Choice 3 years 3 months 5 years 9 years 4 years 2 months