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HW score: $75\%,3$ of $4$ points

Part $1$ of $3$

$(2)$ Points: $0$ of $1$

You are considering making a movie. The movie is expected to cost $$10\mathrm{.}8$ million up front and take a year to produce. After that, it is expected to make $$4\mathrm{.}5$ million in the year it is released and $$1\mathrm{.}6$ million for the following four years. What is the payback period of this investment? If you require a payback period of two years, will you make the movie? Does the movie have positive NPV if the cost of capital is $10\mathrm{.}4\%?$

What is the payback period of this investment?

The payback period is years. $($Round to two decimal places.$)$