Sunshine Oil & Gas is considering an investment in Perfect Lease. Given the following information, calculate the payback period (in months). Should Sunshine invest in Perfect Lease if management requires a payback period of less than 36 months?

Acquisition cost of Perfect Lease	$60,000
Drilling cost of one well	$450,000
Estimated completion cost	$600,000
Estimated selling price per bbl	$55
Estimated lifting cost per bbl	$20
State severance tax	6%
Royalty interest	10%
Estimated monthly production	750 bbls per month

Payback period (in months, rounded to two decimal places):

Based on payback, should Sunshine invest in Perfect Lease? (yes or no):