Current Attempt in Progress

Metlock Company is considering a long$-$term investment project called ZIP. ZIP will require an investment of $$126,720.$ It will have a useful life of four years and no salvage value. Annual cash inflows would increase by $$79\mathrm{.}100,$ and annual cash outflows would increase by $$40,700.$

Calculate the cash payback period. $($Round answer to $2$ decimal places, eg$.10\mathrm{.}50.)$