An investment project has annual cash Inflows of $6,500,$7,600,$8,400 for the next four years, respectively, and $9,700, and a discount rate of 10 percent. What is the discounted payback period for these cash flows if the initial cost is $9,500 ? (Do not round your intermediate calculations.) Multiple Cholce 2.32 years 1.57 years 3.14 years 0.57 years 1.07 years