Marigold Company is considering a capital investment of $378,000 in additional productive facilities. The new machinery is expected to have useful life of 6 years with no salvage value. Depreciation is by the straight-line method. During the life of the investment, annual net income and net annual cash flows are expected to be $20,790 and $84,000, respectively. Marigold has an 898 cost of capital rate, which is the required rate of return on the investment. (a 1) Compute the cash payback period. (Round answer to 2 decimal places, eg. 2.25.) Cash payback period years