Consider a project that requires an initial investment of $502, pays $108 one year from today ( at t=1), pays $206 two years from today (at t=2), and pays $357 three years from today (att=3). Assume these amounts are meant to capture cash flows that actually take place more frequently throughout the year (such as weekly). Rounded an accurate to three decimal.places, what is the payback period for this project? (Example: if we 2 ) had a much longer-term project of nine years, and you found the payback period was 7.2345 years...your answer would be entered as 7.235.)