(Ignore income taxes in this problem.) The Zinger Corporation is considering an investment that has the following data:

	Year 1	Year 2	Year 3	Year 4	Year 5
Investment	$15,500	$4,500
Cash inflow	$3,500	$3,500	$8,500	$5,500	$5,500

Cash inflows occur evenly throughout the year. The payback period for this investment is: (Round your answer to 1 decimal place)

3 years

3.8 years

4 years

4.8 years