A project requires an initial investment of $338 980 and its expected life is 7 years. Net operating income from the project is expected to be $28.900 each year, including depreciation of $44 440 The salvage value of the assets is expected to be $27.900 at the end of the life of the project Ignoring Income taxes, the payback period is (Round your answer to 2 decimal places.) Payback period years