Compute the payback statistic for Project A if the appropriate cost of capital is 8 percent and the maximum allowable payback period is 4 years. (Round your answer to 2 decimal places. If the project never pays back, then enter a "0".)

Project A Time 0 1 2 3 4 5

Cash Flows -$1300 $470 $570 $580 $360 $160