A project has the following after-tax cashflows.
The tax rate is 30% and the appropriate discount rate is 10%.

• Year 0: -2,000
• Year 1: 600
• Year 2: 600
• Year 3: 600
• Year 4: 600
• Year 5: 600

What is the project Payback Period?IMPORTANT.
Format your answer in years with two decimal places.
For example 2 and a half years would be 2.50, not 2 years 6 months.
Do not write in the word "Years".
Just write in a number with two decimal places