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North is considering a project with the following cash flows Cash Flows 0 -$55,000 1 $12,591 2 $15,340 3 $19,798 4 $46,795 5 $71,147 What

North is considering a project with the following cash flows

Cash Flows
0 -$55,000
1 $12,591
2 $15,340
3 $19,798
4 $46,795
5 $71,147

What is the discounted payback period for this project if the appropriate discount rate is 8 percent?

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