Current Attempt in Progress

Crane Company is considering a long$-$term investment project called ZIP. ZIP will require an investment of $$125,440.$ It will have a useful life of $4$ years and no salvage value. Annual cash inflows would increase by $$80,500,$ and annual cash outflows would increase by $$41,300.$ Compute the cash payback period. $($Round answer to two decimal places $($e$.$g$.,10\mathrm{.}52).)$

Cash payback period

years