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

$$4\mathrm{.}1$ million in the year it is released and $$1\mathrm{.}9$ 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 $10\mathrm{.}3\%?$

What is the payback period of this investment?

The payback period is

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