Qulp Corporation wants to purchase a new machine for $298.000. Management predicts that the machine will produce sales of $205,000 each year for the next 5 years. Expenses are expected to include direct materials, direct labor, and factory overhead (excluding depreciation) totaling $68.000 per year. The firm uses straight-line depreciation with an assumed residual (salvage) value of $50,000 Quip's combined income tax rate is 40%. What is the payback period for the new machine (rounded to the nearest one-tenth of a year? Assume that the after-tax cash inflows occur evenly throughout the year