What is the payback period on the proposed phone app for a favorite sports team? The estimated cash flows appear below. $($note: payback is in years; round to $2$ decimals$)$

Year $0$ cash flow $=-80,000$

Year $1$ cash flow $=-20,000$

Year $2$ cash flow $=51,000$

Year $3$ cash flow $=55,000$

Year $4$ cash flow $=48,000$

Year $5$ cash flow $=52,000$

Year $6$ cash flow $=50,000$

Answer