BlossomCommunication Corp. is investing $10,551,700in new technologies. The company's management expects significant benefits in the first three years after installation (as can be seen by the following cash flows), and smaller constant benefits in each of the next four years.

Excel Template

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Year

1234-7Cash Flows$2,440,000$4,752,000$4,050,100$1,266,500

What is the discounted payback period for the project assuming a discount rate of 10 percent?(Round answer to 2 decimal places, e.g. 15.25. If discounted payback period exceeds life of the project, enter 0 for the answer.)