The likely investment on a project is USD 2800000. It is expected to take two years for implementation of the project and the project is expected to earn profits from the third year onwards. The estimated profits, tax/deductions and depreciation are as below. Calculate the payback period. Operating Profit Tax/Deductions Depreciation 3rd Year 4th Year 5th Year 300000 350000 100000 120000 136000 660000 442000 296000 6th Year 7th Year 400000 450000 400000 150000 136000 198000 134000