CycleScape is revolutionizing indoor cycling with a \"4D\" cycling experience that requires the installation of a curved, floor-to-ceiling screen that plays video footage from exciting, real-life, outdoor cycling experiences. Special stationary bikes are installed that vibrate to simulate the experience of riding over the terrain shown on the screen, and customers are provided with patented CycleScape 3D glasses, designed to be worn while cycling. Finally, the studio itself is customized for the 4D experience, with large vents installed to mimic wind, mist. rain, and even snow. The costs to outt a studio with all of the required CycleScape technology are as follows: CycleScape stationary bikes $2 ,400fbike CycleScape 3D glasses $139ipair Floor-to-ceiling curved screen $11,000 4D experience all-weather vents $25,000 Installation costs $60!labour hour Mike wants to convert one of the studios using the CycleScape technology. Each studio currently houses 24 bikes, and the representative from CTI indicated that a typical installation requires about 10 hours of labour from a trained electrician. In addition, PHL studio employees will require training on the safe use of the system, which CTI can provide for a at fee of $4,000. CTl indicated that it has installed the system in only a limited number of cycling studios across Canada. According to CTI, on average, the studios experience an increase in annual revenue of $21,000, resulting from improved customer attendance and the higher class fees charged for the CycleScape experience. Annual service and maintenance fees for inspection by a trained CycleScape attendant are expected to be $1,200 per year. Mike would like you to calculate how long it would take PHL to generate enough additional income to pay back the upfront investment required to install the CycleScape technology {ignoring any tax implications)