Heinlein Inc is considering investing in a project with a cost of $$100$k$.$ The project is expected to produce cash flows of $$50$ in year $1,100$ in year $2,$ and $160$ in year $3.$ If the discount rate is $8\mathrm{.}3\%$ what is the discounted payback period.

Correct Answer:

$1\mathrm{.}63($Help Me$,$ please show work$)$