Cardinal Company is considering a five-year project that would require a $2,755,000 investment in equipment with a useful life of five years and no salvage value. The company's discount rate is 14%. The project would provide net operating income in each of five years as follows: Sales Variable expenses Contribution margin Fixed expenses: $2,875,000 1,124, 000 1,751,000 Advertising, salaries, and other fixed out-of-pocket costs Depreciation 721,000 551,000 1,272,000 $ 479,000 Total fixed expenses Net operating income Click here to view Exhibit 138-1 and Exhibit 138-2, to determine the appropriate discount factor(s) using table. 4. Assume a postaudit showed that all estimates (including total sales) were exactly correct except for the variable expense ratio, hich actually turned out to be 50%, what was the project's actual payback period? (Round your answer to 2 decimal places.) years Payback period