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( Discounted payback period ) You are considering a project with the following cashflows: year project cash flow 0 -30000 1 10000 2 10000 3

(Discounted payback period) You are considering a project with the following cashflows:

year project cash flow

0 -30000

1 10000

2 10000

3 10000

4 10000

If the appropriate discount rate is 8 percent, what is theproject's discounted paybackperiod?

Theproject's discounted payback period is ____ years.(Round to two decimalplaces.)

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