Bonnie Corporation is considering purchasing a machine that would cost $454,140 and have a useful life of 8 years. The machine would reduce cash operating costs by $84,100 per year. The machine would have a salvage value of $107,130 at the end of the project. (Ignore income taxes.) Required: Compute the payback period for the machine. (Note: Round your answer to 2 decimal places.) Payback period years