Please help! Thanks!

The management of Truelove Corporation is considering a project that would require an initial investment of $361,010 and would last for 7 years. The annual net operating income from the project would be $30,000, including depreciation of $47,430. At the end of the project, the scrap value of the project's assets would be $29,000. (Ignore income taxes.) Required: Determine the payback period of the project. (Round your answer to 2 decimal places.) Payback period back period years