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

$$17,000,$$$17,000,$$$19,000,$$$19,000,$ 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 $4$ years or less, will the project be accepted?

No Yes