Consider how kyle valley river park lodge coukd ysw capiyal budgeting to decide whether the $$11,000,000$ rober park lodge expansion woukd be a good investment. Assume kylers baleys managers developed the following estimates concering the expansion:

Assume that kyler valley ises the straight line deprexiation method and expects the lodge expansion to have a residual value of $$500,000$ at the end of its twelve year life. The average annual net cash infloe from the expansion os expected to be $$2,788,668.$ Compute the payback fir tbe expantion project. Round the one decimal place