Compute the payback period for an investment with the following net cash flows.

Note: Round your answer to one decimal place.

Year Net Cash Flows per Year Cumulative Net Cash Flows

Initial investment $ $(103,000)$ $ $(103,000)$

$1.10,300(92,700)$

$2.20,300(72,400)$

$3.20,300(52,100)$

$4.11,940(40,160)$

$5.50,20010,040$

$6.40,30050,340$