You have the following information on a project's cash flows.

Year

Cash flows

$0$

$-$$$113,000$

$1$

$24,000$

$2$

$31,000$

$3$

$34,000$

$4$

$46,000$

$5$

$55,000$

The project's payback is $\_\_\_\_$ years. Round it to two decimal places.