Nugent Communication Corp. is investing $10,930,700 in new technologies. The companys management expects significant benefits in the first three years after installation (as can be seen by the following cash flows), and smaller constant benefits in each of the next four years. Year 1 2 3 4-7 Cash Flows $2,042,000 $5,514,000 $2,681,100 $995,500.

What is the discounted payback period for the project assuming a discount rate of 10 percent? (Round answer to 2 decimal places, e.g. 15.25. Do not round discount factors. If discounted payback period exceeds life of the project, enter 0 for the answer.)