Suppose a company had an initial investment of $$40,000.$ The cash flow for the next five years are $$14,000,$$$18,000,$$$16,000,$$$16,000,$ and $$13,000,$ 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 $3$ years or less, will the project be accepted?

No Yes