Suppose a company had an initial investment of $$45,000.$ The cash flow for the next five years are $$17,000,$ $$16,000,$ $$16,000,$ $$20,000,$ and $$14,000,$ respectively. The interest rate is $5\%.$ Enter your answer rounded to $2$ DECIMAL PLACES.

What is the discounted payback period?

Number

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

Yes No