Assuming an appropriate discount rate of 12 percent for a project in Papua New Guinea, what is the discounted payback period on a project with an initial outlay of \($128,000\) and the following free cash flows?

Year 1 = \($37,000\)

Year 2 = \($35,000\)

Year 3 = \($27,000\)

Year 4 = \($27,000\)

Year 5 =  \($32,000\)

Year 6 = \($26,000\)