Cardinal Company is considering a five-year project that would require a $2,975,000 Investment in equipment with a useful life of five years and no salvage value. The company's discount rate is 14%. The project would provide net operating income in each of five years as follows: $2,735,000 1,000,000 1,735,000 Sales Variable expenses Contribution margin Tixed expenses Advertising, salaries, and other fixed out-of-pocket coats Depreciation Total fixed expenses Het operating income $735,000 595,000 1,330,000 $ 405,000 Click here to view Exhibit 128-1 and Exhibit 128-2. to determine the appropriate discount factor(s) using table. oundational 12-7 What is the project's payback period? (Round your answer to 2 decimal places.) Project's payback period + years