Question 40 (1 point) Wright Corp. is considering the purchase of a new piece of equipment, which would have an initial cost of $1,165,000 and a 10-year life. There is no salvage value for the equipment. The increase in cash flow each year of the equipment's life would be as follows: Year 1 $375,000 Year 2 $350,000 Year 3 $285,000 Year 4-10 $230,000 What is the payback period? Note: when entering your answer do not include "$" but instead enter as a raw number such as 4000. Round your answer to two decimal places. Your