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Project A would cost $222,000 today and have the following other expected cash flows: $78,000 in 1 year, $49,000 in 2 years, $0 in 3

Project A would cost $222,000 today and have the following other expected cash flows: $78,000 in 1 year, $49,000 in 2 years, $0 in 3 years, $38,000 in 4 years, and $99,000 in 5 years. The cost of capital for project A is 4.36 percent. What is the payback period for project A? Round your answer to 2 decimal places (for example, 1.23 or 4.56).

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