A project with an initial cost of $$86,500$ is expected to generate cash flows of $$40,470,$ $$36,320,$ $$39,560,$ $$34,500,$ and $$31,600$ over each of the next five years, respectively. Assuming a discount rate of $12\%,$ what is the project's discounted payback period?

Discounted Payback Period $=$ years