McGilla Golf has decided to sell a new line of golf clubs. The length of this project is seven years. The company has spent $123473 on research and development for the new clubs. The plant and equipment required will cost $2873977 and will be depreciated on a straight-line basis. The new clubs will also require an increase in net working capital of $133406 that will be returned at the end of the project. The annual OCF of the project will be $834869. The tax rate is 33 percent, and the cost of capital is 12 percent. What is the payback period for this project?