Oriole Bancorp has made an investment in banking software at a cost of $1,716,200. If management expects productivity gains and cost savings to generate additional cash flows of $526,900, $687,600, $449,600, and $322,760 over the next four years, what is the investment's payback period? (Round answer to 2 decimal places, e.g. 15.25.) Payback period is years

Oriole Bancorp has made an imvestment in banking software at a cost of $1,716,200, If management expects productivity gains and cost savings to generate additional cash flows of $526,900,$687,600,$449,600, and $322,760 over the next four vears, what is the investment's payback period? (Round answer to 2 decimal places, e.8. 15.25.) Payback period is years