You are evaluating an investment project costing $11,000 initially. The project will lose 5,000 in year 1 and earn 9,000 in year 2 and then create net cashflows of 1,600 per year for 8 more years, according to the following 10-year schedule:

Year	0	1	2	3	4-10
Cash Flow	-11,000	-5,000	9,000	1,600	1,600

Note, that the final cell abbreviates years 4 through 10 for formatting reasons.

What is the payback period for this project (1+ decimal)?