Vandezande Inc. is considering the acquisition of a new machine that costs $464,000 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.):

	Incremental Net Operating Income			Incremental Net Cash Flows
Year 1	$	72,000		$	153,000
Year 2	$	78,000		$	157,000
Year 3	$	89,000		$	178,000
Year 4	$	52,000		$	154,000
Year 5	$	94,000		$	156,000

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.)