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Consider the following project being analyzed for possible investment at ABC Corp. Initial Cost $50 Inflow Year 1 $15 Inflow Year 2 $15 Inflow Year

Consider the following project being analyzed for possible investment at ABC Corp. Initial Cost $50 Inflow Year 1 $15 Inflow Year 2 $15 Inflow Year 3 $20 Inflow Year 4 $10 Inflow Year 5 $10 All amounts are in millions. The required return for the project is 8%. The projects discounted payback period is: (Enter your answer in years out to two decimal places. As an example, you would enter 1.12 years as 1.12)

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