Asimov Robotics Inc. is considering investing in a project that will require an initial investment of $300,000. It is expected to have cash flows of $50,000 per year for 10 years. There will be an additional cash flow of $100,000 in year 10 to wind up the project (i.,e., year 10 cash flow = $150,000). The appropriate discount rate for this project is 12.5%. Calculate the payback period. Enter your answer with two decimal places