The firm to recover its initial investment in this project

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EKG, Inc. 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?

3.81 years

3.98 years

5.57 years

The project never pays back.

5.99 years

Reference no: EM131529216

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