Suppose a company had an initial investment of $$45,000.$ The cash flow for the next five years are $$15,000,$$$16,000,$$$15,000,$$$17,000,$ and $$16,000,$

respectively. The interest rate is $9\%.$ Enter your answer rounded to $2$ DECIMAL PLACES.

What is the discounted payback period?

If the firm requires a discounted payback periods $4$ years or less, will the project be accepted?

No Yes