Suppose a company had an initial investment of $$40,000.$ The cash flow for the next five years are $$13,000,$$$14,000,$$$15,000,$$$13,000,$ and $$18,000,$

respectively. The interest rate is $11\%.$ Enter your answer rounded to $2$ DECIMAL PLACES.

What is the discounted payback period?

If the firm requires a discounted payback periods $3$ years or less, will the project be accepted?

No Yes