Wildhorse Solutions, Inc., has just invested $4,080,100 in new equipment. The firm uses a payback period criteria of rejecting any project that takes more than four years to recover its costs. Management anticipates cash flows of $624,500, $705,700, $904,500, $1,436,300, $2,102,500, and $2,549,500 over the next six years. (Round answer to 2 decimal places, e.g. 15.25.)

What is the payback period of this investment?

Should Wildhorse Solutions, Inc. go ahead with this project?