The GallowayCattle Company is considering the construction of a new feed handling system for its feed lot in Gippsland, Victoria. The new system will provide annual labour savings and reduced waste totaling $ 210 000 while the initial investment is only $485,000.

Galloways's management has used a simple payback method for evaluating new investments in the past but plans to calculate the discounted payback to analyse the investment. Where the appropriate discount rate for this type of project is 8%,

The project's discounted payback period is _____years

Round your answer to two decimal places.