Pina Colada Company is considering investing in new equipment that will cost $$512,880$ with a $5-$year useful life. The new equipment is expected to produce annual cost savings of $$201,000$ for the first two years and $$231,000$ for the last three years of its useful life.

Compute the cash payback period. $($Round answer to $2$ decimal places, e$.$g$.15\mathrm{.}12.)$

Cash payback period

years