You are considering making a movie. The movie is expected to cost $$10\mathrm{.}9$ million up front and

take a year to produce. After that, it is expected to make $$4\mathrm{.}4$ 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 $10\mathrm{.}8\%?$

What is the payback period of this investment?

The payback period is years. $($Round to two decimal places.$)$