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What is the payback period for the following set of cash flows? (Round your answer to 2 decimal places, e.g., 32.16.) Year 0 $ 5,800
What is the payback period for the following set of cash flows? (Round your answer to 2 decimal places, e.g., 32.16.)
| Year | |
| 0 | $ 5,800 |
| 1 | $ 1,375 |
| 2 | $ 1,575 |
| 3 | $ 1,975 |
| 4 | $ 1,475 |
Payback period years =
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