The Hanlon Company purchased some equipment for $14,000 on January 1, 2021 and estimate that it will increase net cash flows by the following amounts Year 1 $5,800 Year 2 4,200 Year 3 3,100 Year 4 1,900 Year 5 800 At the end of that time the equipment will be worthless. What is the cash payback period for the equipment? Round your final answer to two decimal places