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What is the bail-out period for this project in years? Round off to 2 decimal places. Sample format: 1.11 NUBD Co. plans to invest

What is the bail-out period for this project in years? Round off to 2 decimal places. Sample format: 1.11 NUBD Co. plans to invest in a duplicating machine that costs P120,000. The following are the expected annual cash inflows that are evenly received each month and the estimated salvage value at any point of each year. Year Cash inflows Salvage value P50.000 40,000 27,000 1 2 2345 P40,000 36,000 32,000 28,000 25,000 20,000 5,000

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