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An investment project has annual cash inflows of Year Cash Flow 0 -96,000 1 34,000 2 39,000 3 32,000 4 19,000 5 17,200 6 35,

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An investment project has annual cash inflows of Year Cash Flow 0 -96,000 1 34,000 2 39,000 3 32,000 4 19,000 5 17,200 6 35, 300 The discount rate is 14% What is the discounted payback period for these cash flows if the initial cost is 596,000? (Do not round intermediate calculations. Round the final answer to 2 decimal places.)

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