Grouper Company is considering investing in new equipment that will cost $507,260 with a 5-year useful life. The new equipment is expected to produce annual cost savings of $196,000 for the first two years and $226,000 for the last three years of its useful life. Compute the cash payback period. (Round answer to 2 decimal places, e.g. 15.12.) Cash payback period enter the cash payback period in years rounded to 2 decimal places years