You work for Jamba Co. and have been given the task to evaluate a new project. The initial investment needed for this project is $419,000. The project will not produce any cash flows in the first two years and the estimated cashflows for years 3 through 7 are $69,000, $98,000, $109,000, $145,000, and $165,000, respectively. How long will it take the firm to recover its initial investment in this project?