Vandezande Inc. is considering the acquisition of a new machine that costs $364,000 and has a useful life of 5 years with no salvage value. The incremental net operating income and incremental net cash flows that would be produced by the machine are ignore income taxes.) Year 1 Year 2 Year 3 Year 4 Year 5 Incremental Net Operating Income $71,000 $77,000 $ 88,000 $51,000 $93,000 Incremental Net Cash Flows $150,000 $156,000 $175,000 $ 153,000 $ 155,000 Assume cash flows occur uniformly throughout a year except for the initial investment. The payback period of this investment is closest to: (Round your answer to 1 decimal place.)