Delta Enterprises, Inc. has a WACC of 8% and is considering a project that requires a cash outlay of $1,250 now with cash inflows of $500 at the end of each year for the next 5 years. What is the...

Delta Enterprises, Inc. has a WACC of 8% and is considering a project that requires a cash outlay of $1,250 now with cash inflows of $500 at the end of each year for the next 5 years. What is the project’s Discounted Payback?  Enter your answer rounded to two decimal places.  For example, if your answer is 12.345 then enter as 12.35 in the answer box.