Ivanhoe Incorporated management is considering investing in two alternative production systems. The systems are mutually exclusive, and the cost of the new equipment and the resulting cash flows are shown in the accompanying table. The firm uses a 7 percent discount rate for their production systems.

Years	System 1	System 2
0	-$13,000	-$47,000
1	13,000	33,400
2	13,000	33,400
3	13,000	33,400

What are the payback periods for production systems 1 and 2? (Round answers to 2 decimal places, e.g. 15.25.)

Payback period of System 1 is _______ years and Payback period of System 2 is ______ years.