Grayson Corp. is considering the purchase of a piece of equipment that costs $34,269. Projected net annual cash flows over the project's life are: Year Net Annual Cash Flow 1 2 3 4 $ 6,702 19,077 15,682 19,233 The cash payback period is. Round your answer by two decimals

Grayson Corp. is considering the purchase of a piece of equipment that costs $34,269. Projected net annual cash flows over the project's life are: The cash payback period is. Round your answer by two decimals