You are considering making a movie. The movie is expected to cost $$10\mathrm{.}7$ million up front and take a year to produce. After that, it is expected to make $$4\mathrm{.}9$ million in the year it is released and $$1\mathrm{.}7$

million for the following four years. What is the payback period of this investment? If you require a payback period of two years, will you make the movie? Does the movie have positive NPV if the

cost of capital is $10\mathrm{.}4\%?$

What is the payback period of this investment?

The payback period is

years. $($Round to two decimal places.$)$