Home Innovations is evaluating a new product design. The estimated receipts and disbursements associated with the new product are shown below. MARR is 10 %/year. End of Year Receipts Disbursements 0 $0 $1,000 $600 $300 $600 $300 $700 $300 $700 $300 $700 $300 ho 1 2 3 A 5 What is the discounted payback period for this investment? years Carry all interim calculations to 5 decimal places and then round your final answer to the nearest year. To Tolerance is +1.00