QW Ltd wants to invest in a project and they have two project proposals. The cash flows of two different projects are given as below:

Year	Net cash flow of project 1	Net cash flow of project 2
0	$60,000	$60,000
1	$39,436	$32,000
2	$13,200	$29,000
3	$29,000	$13,200
4	$32,000	$39,436

Compute the discounted payback period, if the cost of capital is 10% for both the projects. ( Answers rounded to second decimal point.) Please include your solution.