4 The management of Truelove Corporation is considering a project that would require an initial investment of $336,990 and would last for 7 years. The annual net operating income from the project would be $28,800, including depreciation of $44,170. At the end of the project, the scrap value of the project's assets would be $27,800. (Ignore income taxes.): Required: Determine the payback period of the project. (Round your answer to 2 decimal places.) 04:56:50 Payback period years