EKG, Inc. is considering a new project that will require an initial cash investment of $398,000. The project will produce no cash flows for the first two years. The projected cash flows for years 3 through 7 are $79,000, $88,000, $102,000, $140,000, and $160,000, respectively. How long will it take the firm to recover its initial investment in this project? a.) 3.81 years b.) 3.98 years c.) 5.57 years d.) 5.92 years e.) The project never pays back.