Question 33 (4 points) Gonzalez Media Company is considering a project that requires an initial investment of $90,000 and offers cash flow of $30,000 in the first year, $40,000 in the second year, and $50,000 in its last year. If the firm's weighted average cost of capital is 8%, what is the project's discounted payback period? 2.92 years 3 years 2.7 years 2.30 years 3.7 years