Current Attempt in Progress

Wayne Company is considering a long$-$term investment project called ZIP. ZIP will require an investment of $$140,096.$ It will have a useful life of $4$ years and no salvage value. Annual cash inflows would increase by $$80,500,$ and annual cash outflows would increase by $$40,700.$ Compute the cash payback period. $($Round answer to $2$ decimal places, e$.$g$.10\mathrm{.}52.)q,$