(Discounted payback period) Assuming an appropriate discount rate of 11 percent, what is the discounted payback period on a project with an initial outlay of $80,000 and the following cash flows? Year 1 = $35,000 Year 2 = $30,000 Year 3 = $30,000 Year 4 = $35,000 Year 5 = $40,000 Year 6 = $20,000