A proposed project has the following expected cash flow:

Year Cash Flow

$0$ $ $(300,000\mathrm{.}00)$

$1$ $ $62,000\mathrm{.}00$

$2$ $ $82,000\mathrm{.}00$

$3$ $ $94,000\mathrm{.}00$

$4$ $ $202,420$

$5$ $ $80,000\mathrm{.}00$

The payback period for this project is $\_\_\_\_\_$years.

Note: Be sure to go out two decimal places $($e$.$g$.$ enter $4\mathrm{.}25$ for $4\mathrm{.}25$ years$).$