Consider how Juda Valley Stream Park Lodge could use capital budgeting to decide whether the $$12,000,000$ Stream Park Lodge expansion would be a good investment. Assume Juda Valley's managers developed the following estimates concerning the expansion:

$($Click the icon to view the estimates.$)$

Assume that Juda Valley uses the straight$-$line depreciation method and expects the lodge expansion to have a residual value of $$1,000,000$ at the end of its eight$-$year life. The average annual net cash inflow from the expansion is expected to be $$2,700,000.$

Compute the payback for the expansion project. Round to one decimal place.

$\backslash$table$[[$Amount invested,$,$ Expected annual net cash inflow,$=,$Payback$]]$