Magrath Inc. is looking at investing in a 4-year project that will create cash inflows of $75,000 in the first year, $135,000 in the second year, $150,000 in the third year and $252,000 in the fourth. The cost of this project is $425,000, and the required return is 12%. What is the discounted payback period? (Do not round intermediate calculations. Round the final answer to 2 decimal places) Numeric Response