Compute the payback period for a project with the following cash flows. The company's discount rate is 12%, the tax rate is 40%, and coffee sells for $22/lb. Initial outlay = $400 Free Cash flows: Year 1 = 300; Year 2 - 590; Year 3 = 5100 Round to the second decimal place. Type only numbers without any unit (S, %, etc.) 5 Initial Outlay $50 million Year 1 $10 million