(Discounted payback period) Assuming an appropriate discount rate of 12 percent, what is the discounted payback period on a project with an initial outlay of $90,000 and the following cash flows? = Year 1 = $40,000 Year 2 = $35,000 Year 3 = $35,000 Year 4 = $25,000 Year 5 = $40,000 Year 6 = $20,000 = = The project's discounted payback period is years. (Round to two decimal places.)