Logan, Inc. is evaluating two possible investments in depreciable plant assets. The company uses the straight-line method of depreciation. The following information is available:

	Investment A	Investment B
Initial capital investment	$101,000	$151,000
Estimated useful life	10 years	10 years
Estimated residual value	0	$20,000
Estimated annual net cash inflow for 10 years	$28,000	$47,000
Required rate of return	12%	12%

Calculate the payback period for Investment A. (Round your answer to two decimal places.)