What is the payback period for the above set of cash

Question

Consider the following cash flows:

Year       Cash Flow

0                –$7,200

1                   2,050

2                   4,500

3                   1,850

4                   1,550

Required: What is the payback period for the above set of cash flows? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) Payback period years