Assuming an appropriate discount rate of 11 percent, what is the discounted payback period on a project with an initial outlay of $100,000 and the

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Assuming an appropriate discount rate of 11 percent, what is the discounted payback period on a project with an initial outlay of $100,000 and the following free cash flows?

Year 1 = $30,000

Year 2 = $35,000

Year 3 = $25,000

Year 4 = $25,000

Year 5 = $30,000

Year 6 = $20,000

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