Vandezande Incorporated is considering the acquisition of a new machine that costs $461,000 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 $ 69,000 $ 149,000 Year 2 $ 75,000 $ 150,000 Year 3 Year 4 Year 5 $ 86,000 $ 181,000 $ 49,000 $ 151,000 $91,000 $ 153,000 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.)