Blossom Solutions, Inc., has just invested $3,461,400 in new equipment. The firm uses a payback period criteria of rejecting any project that takes more than four years to recover its costs. Management anticipates cash flows of $483,200, $609,100, $707,400, $1,023,700, $1,962,200, and $1,669,000 over the next six years. (Round answer to 2 decimal places, e.g. 15.25.) What is the payback period of this investment? Payback period is ------- enter a number of years for the payback period rounded to 2 decimal places years.

Payback period----------years