Acme Mfg is considering two projects, A & B, with cash flows as shown below:

period CFA CFB

0 -50,000 -100,000

1 20,000 60,000

2 20,000 25,000

3 20,000 25,000

4 20,000 25,000

The opportunity cost of capital for A is 14 percent. The opportunity cost of capital for B is 10 percent.

What is the discounted payback period of Project A. Write your answer in years correct upto 2 decimal places