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A firm is considering a project with the following expected cash flows. Year CF 0 -$5000 1 $1000 2 $2000 3 $4000 4 $1500 What

A firm is considering a project with the following expected cash flows.

Year

CF

0

-$5000

1

$1000

2

$2000

3

$4000

4

$1500

What is the payback period (not the discounted payback period) measured in years? Express your answer in years, rounded to one decimal (for example, if your answer is 4.578 years, enter 4.6 in the answer box).

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