Question 3. 1 pt (3) Refer to the Capital Budgeting Narrative. What is the Discounted Payback Period of the project? Capital Budgeting Narrative: Dilara Manufacturing is considering a new project. The initial investment required is $69,000 and the cost of capital is 12%. Expected cash flows over the next four years are given below: Years Cash Flow ($) 1 14,000 2 34,000 34 3 29,000 4 60,000 2.2 years 2.7 years 3.0 years