Test 3 Chapters 10, 12, 13 The management of Truelove Corporation is considering a project that would require an initial investment of $357030 and would last for 7 years. The annual net operating income from the project would be $29,800, including depreciation of $46,890. At the end of the project, the scrap value of the project's assets would be $28,800 (Ignore income taxes): Required: Determine the payback period of the project. (Round your answer to 2 decimal places.) porns Payback period