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(Discounted payback period) Assuming an appropriate discount rate of 14percent, what is the discounted payback period on a project with an initial outlay of $

(Discounted payback period) Assuming an appropriate discount rate of 14percent, what is the discounted payback period on a project with an initial outlay of $ 90,000 and the following cash flows?

Year

1=$20,000

+
+
Year

2=$30,000

Year

3=$20,000

Year

4=$30,000

Year

5=$35,000

Year

6=$35,000

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The projects projected discount payback period is %.

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