10 pts D Question 20 Company X is starting a new project. They expect the project to have cash flows as follows: Year 1 Year 2 Year 3 Year 4 $16 $17 $42 $14 $56 $52 $51 Year 5 Year 6 Year 7 The investment will cost $115 and is expected to have a residual value of $12. What is the payback period of the project? Round your answer to two decimals