Bulld Comporation wants to purchase a new machine for $300,000. Management predicts that the machine can produce sales of $200,000 each year for the next 5 years. Expenses are expected to include direct materlals, direct laboc, and factory overhead (excluding depreciation) totaling $80,000 per yeat, The firm uses straight-line depreciation with no residual value for all depreciable assets. Bullds combined income tax rate is 40%. Management requires a minimum after-tax rate of return of 10% on all investments. What is the present value poyback period, rounded to one-tenth of a year? Note: PV factors for to\% are as follows: year 1=0.909; year Q=0.826 : year 3 =075 t year 4=0.683; year 5=0.62t the PV annuity factor for 10%,5 years =3791. Assume that annual after-tax cash inflows occur at year-end)