Nomad Logic Systems is a small firm that has difficulty securing funding for their investment projects. Therefore, they tend to rely on the payback period decision criteria when making capital investment decisions. Find the payback period of the project below. (Do not round intermediate calculations. Round your final answer to two decimal places.)

YearProject Cash Flow ($)

year 0: -15,000,000

year 1 : 5,500,000

year 2 : 4,250,000

year 3 : 3,333,333

year 4: 2,050,000

year 5: 1,250,000

year 6: 1,250,000