Sanchez Corporation is considering three long-term capital investment proposals. Relevant data on each project are as follows.

		Project
		Brown		Red		Yellow
Capital investment		$191,200		$218,290		$251,440
Annual net income:
Year 1		25,399		20,146		26,329
2		16,128		20,146		24,396
3		13,085		20,146		23,083
4		10,160		20,146		17,109
5		8,298		20,146		20,247
Total		$ 73,070		$100,730		$111,164

Salvage value is expected to be zero at the end of each project. Depreciation is computed by the straight-line method. The companys minimum rate of return is the companys cost of capital which is 12%.

hel need finding the cash payback period. (Round answers to 2 decimal place, e.g. 5.25.)