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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 $110,000 and the

Assuming an appropriate discount rate of 11 percent, what is the discounted payback period on a project with an initial outlay of $110,000 and the following cash flows,

Year Project Cash Flow
0 -110,000
1 35,000
2 20,000
3 40,000
4 40,000
5 40,000
6 40,000

What is the projects discounted payback period?

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